Indian steelmakers enter multi-year capex cycle as capacity expansion accelerates

Indian steelmakers are entering a multi-year investment cycle, with top producers increasing capital expenditure by 40% to Rs 70,000 crore in FY27. This expansion aims to reach 300 million tonnes by 2030. The report said, "This is the start of a multi-year capex cycle." Strong domestic demand and policy support are driving these plans.