Market News Today

The Indian structural steel market is currently witnessing a phase of "Cautious Stability." While demand remains anchored by government infrastructure projects, price consolidation is the dominant theme. Integrated players are maintaining firm rates due to coking coal costs, while secondary producers in regional hubs offer competitive arbitrage opportunities for bulk procurement.

A nearly 5-kilometre tunnel on the Delhi Mumbai Expressway in Rajasthan's Mukundra hills begins trial operations this month. It will reduce congestion, shorten travel times, and stabilize freight, boosting connectivity and development in Delhi NCR.

Hanwha Solutions' chemical unit returned to Q1 profit with 25% sales growth. The company anticipates continued profit expansion due to improved market conditions and stable demand across chemical segments.

Tata Chemicals reported a deeper Q4 FY26 loss due to goodwill impairment in its US business, a deferred tax asset write-off, and weak global soda ash prices amid oversupply, impacting profitability.

Meghmani Organics received Ministry of Agriculture approval to produce nano fertilizers (DAP, NPK, zinc) at its Sanand facility. Production by Meghmani Crop Nutrition starts in the upcoming Kharif season, using existing infrastructure.

Deepak Nitrite and Praxair India partnered to establish an on-site HyCO plant at Dahej. This supports Deepak Nitrite's upcoming polycarbonate manufacturing, strengthening downstream expansion and enhancing high-value chemical production efficiency.

Ethylene prices in Asia sharply declined by USD 40/mt, with CFR South East Asia at USD 1305-1315/mt and CFR North East Asia at USD 1275-1285/mt. This fall was driven by plunging naphtha values and weak downstream demand.

A fire broke out at the RBI Delhi building's rooftop solar panels on Tuesday afternoon. Five to six fire tenders quickly controlled the blaze within 15-20 minutes. No injuries or major damage reported, but it highlights solar safety concerns.

India's expressway tolls, like Ganga's Rs 2.50/km, are set by NHAI based on costs and vehicle type. Mumbai-Pune is the most expensive at Rs 3.40/km, 20-25% higher than national highways.

The global EV charging station market reached USD 21.6B in 2025, projected to hit USD 213.7B by 2034 (28.15% CAGR), driven by EV adoption, infrastructure, and AI. Asia Pacific leads. India aims for 400,000 charging points by 2027.