Market News Today

Indian government is planning to mandate public procurement of green steel. A Green Steel Mission with an estimated cost of ₹15,000 crore is under development.

Iron ore futures secured a fifth straight weekly gain despite increased port inventories and weaker global steel production.

US rebar exports rose 57.8% to 13,911 mt in May '25, but fell 19.5% year-on-year. Exports to Canada totaled 8,362 mt.

Spiral steel pipes market projected to reach US$ 6.5 billion by 2031, growing at 8% CAGR, driven by infrastructure and energy sector growth.

Dalian iron ore futures fell due to increased supply from major miners like Vale and Fortescue, coupled with rising steel inventories at Chinese mills.

AM/NS India added 0.5 mtpa automotive steel output at Hazira, taking total downstream capacity to 3.3 mtpa. Aims to reach 5 mtpa by year-end, substituting imports.

Rebar prices showed mixed trends across Indian markets, rising in regions like Ahmedabad and Jalna due to cost-push and buying interest. Monsoon disruptions and mill shutdowns are limiting supply in pockets, while global markets remain steady to muted. Prices are expected to remain firm in the short term, with regional differences.

Chennai's Velachery Main Road gets a 3-km, 3-lane steel flyover to ease traffic bottlenecks at key junctions like Five Furlong Road and Guru Nanak College. The project includes service roads and pedestrian walkways.

Kyoei Steel Ltd. ( TSE:5440 ) will pay a dividend of ¥30.00 on the 8th of December. Based on this payment, the dividend...

Nickel prices inch up amid mixed outlook