Market News Today

Hanwha of South Korea has extended its PVC (P1000) offer to the Indian market at US$ 660 per MT, on a CIF basis to Nhava Sheva, Chennai, and Mundra ports. The offer is available on LC at sight terms for December 2025 shipment.

Stainless steel prices across 200, 300, and 400 series remain mixed, with market sentiment varying by grade. While 300 series demand has softened, 200 and 400 series are performing stronger due to limited imports and improving consumption. Scrap purchase rates remain firm, and shifts in China–India trade flow continue to influence domestic pricing and supply trends.

TMT/rebar prices remain stable across major regions as demand stays soft and distributors manage inventories cautiously. Mills are aligning production with market sentiment, preventing oversupply. Policy reviews, new mill developments, shifting import–export trends, and regulatory updates are shaping the near-term outlook. A stronger recovery is expected as construction and infrastructure activity picks up.

MP Dr. Jaswantsinh Parmar privately funded a survey for the accident-prone Indore-Ahmedabad National Highway No. 47. Findings were submitted to NHAI and Union Minister Nitin Gadkari, urging permanent RCC reconstruction for the frequently damaged road.

MSRDC sanctioned ₹321 crore for Mumbai–Bengaluru Highway service roads in Wakad–Tathawade. The project will construct, repair, and streamline roads, drainage, and footpaths, enhancing safety and easing traffic congestion.

Pune's Mumbai–Bengaluru Highway service roads (9.7 km) near Wakad–Mamurdi, developed with ₹321 crore, will soon open, offering major relief to Hinjawadi IT commuters by easing congestion and reducing travel time.

Becquer Solar powers RR Kabel's new factories with high-efficiency modules at just 20 Paise per kWh. Becquer, India's leading industrial solar OEM, provides 30-year warranted hardware, including India's largest solar industrial facade, for sustainable manufacturing.

Union Minister Jual Oram sought a report from NHIDCL regarding the deplorable condition of an alternative national highway in Tripura, which deteriorated sharply a year after a facelift. The issue was raised by CM Manik Saha in July.

India approved a Rs 7,280-crore, 7-year rare earth permanent magnet scheme to establish domestic production. This aims to cut import dependence on China, targeting 6,000 MTPA manufacturing for EV, wind, and defence sectors, boosting Atmanirbhar Bharat.

DMRC initiates a 10-year Corporate Plan (2027-2037) to enhance operations, financial sustainability, and explore new business areas. A consultancy will draft the roadmap within 120-180 days, aligning with national mobility goals and Vision 2047.