India’s route-wise crude steel capacity approvals (FY’25 Vs. FY’26)

India’s crude steel production capacity rose 10% y-o-y to 233 million tonnes (mnt) per annum in FY’26, according to BigMint data. Capacity is projected to rise further to 298 mnt by FY’30, in line with the National Steel Policys long-term target of building a 300-mnt steel industry by 2030-31. While FY’26 growth was led largely by secondary steelmakers, the next phase of expansion is expected to be dominated by integrated steel producers (ISPs) executing blast furnace-basic oxygen furnace (BF-BOF)-based projects, especially in eastern and coastal India.