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indian steelmakers

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Indian steelmakers enter multi-year capex cycle with 40% spending surge as 300 mn tonne target looms Commodities
Metals & Mining #indian steelmakers#capacity expansion

Indian steelmakers enter multi-year capex cycle with 40% spending surge as 300 mn tonne target looms

Indian steelmakers are entering a multi-year investment cycle, with top four producers increasing aggregate capex by 40% year-on-year to Rs 70,000 crore in fiscal 2027. The expansion supports India's target of 300 million tonnes steel capacity by 2030, backed by strong domestic demand and safeguard duties on imports. S&P Global warns that prolonged demand weakness poses a risk to prices and earnings.

Jun 14, 2026 1 source