Tag: India’s state-wise crude steel capacity approvals in FY’26

India’s steel capacity expansion approvals rose to 50.34 million tonnes (mnt) in FY26, more than doubling from 23.08 mnt in FY25, marking a clear shift toward large-scale capacity creation. The scale of approvals reflects a transition from incremental additions to a broad-based expansion cycle, with both integrated and secondary producers advancing new capacity.