[India's SAIL Approves Bhilai Steel Plant Capacity Expansion to 10.2 MTPA]

Published: Jul 27, 2026 11:24

Save

Indian state-run steelmaker Steel Authority of India Limited (SAIL) has formally approved a $3.22 billion expansion project for its Bhilai Steel Plant to enhance crude steel production capacity from 6.8 million tonnes per annum to 10.2 million tonnes. The Engineering, Procurement and Construction Management (EPCM) agreement, signed with MECON, aims to complete the project within 42 months to support India's National Steel Policy target of reaching 300 million tonnes of domestic capacity by 2030. All major raw materials required for the expanded operations will be sourced from SAIL's captive mines alongside domestic and import markets.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

7 hours ago

[SMM Analysis] Indonesian HRC Low-Price Pressure Persists; Weak Steel Demand Continues Across Southeast Asia

7 hours ago

8 hours ago

MMi Daily Iron Ore Report (August 17)

Iron ore futures traded softer today. The DCE most-active contract I2701 settled at RMB 706.5/mt, down 0.70% from the previous session. Spot prices at Qingdao Port fell RMB 2-4/mt from the previous trading day. Trader activity was moderate, while mills purchased on an as-needed basis, leaving overall spot transaction volumes on the light side.

8 hours ago

9 hours ago

[SMM Steel] India Domestic Steel Market Stable Amid Cautious Sentiment

[India] India’s domestic steel market remained stable but cautious on Monday compared with Friday with scrap and finished steel prices largely unchanged across key regions. The market sentiment is bearish and subdued with buyers adopting a wait-and-watch approach amid limited price movement and balanced demand-supply conditions. In northern Mandi Gobindgarh, HMS 1&2 (80:20) flat delivered Mandi 355USD/tonne (33,900 INR/tonne). Billet prices stable delivered Mandi at 443USD/tonne (42,400INR/tonne). Meanwhile, Mumbai HMS 1&2 (80:20) unchanged delivered Mumbai 324USD/tonne (31,000INR/tonne). Rebar prices unchanged delivered Mumbai 495USD/tonne (47,300INR/tonne). In South India, billet unchanged delivered Chennai at 455USD/tonne (43,500INR/tonne).

9 hours ago