India: Steel capacity approvals reach 23.34 mnt in H1 FY'27 as long products dominate pipeline

India approved 2.57 mnt capacity in September after July's 7.53 mnt surge. BOF, IF projects account for about 91% of the approved crude steel capacity. Downstream approvals are heavily skewed towards long products

India's crude steel capacity expansion approvals reached 23.34 mnt in H1 FY'27, as project approvals continued to accumulate after the exceptional 7.53 mnt recorded in July. September contributed 2.57 mnt, up from 1.60 mnt in August, taking the April-September total across the environmental clearance (EC) and consent-to-establish (CTE) stages