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.

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.

Growatt unveiled next-gen inverters at REI Expo India 2025, including X3 Pro residential (22A DC), WIT 100K HU C&I hybrid (100kW), MOD/MID C&I string (98.8% efficiency), and MAX industrial/utility (up to 350kW, 99% efficiency) solutions.

Becsa launched India's first BIS-approved HJT solar module, BEC-HJT, offering 15% output improvement, 20% better heat tolerance, and reduced degradation. With a 30-year warranty, it promises higher ROI and durability for diverse applications.

India's Cabinet approved a ₹7,280-crore scheme for domestic rare earth magnet manufacturing, targeting 6,000 MTPA capacity over seven years. With ₹6,450 crore in incentives, it secures EV and clean energy supply chains, reducing import reliance.

TVS unveiled three concept motorcycles at EICMA 2025 for India: a 450cc supersports bike (Tangent RR), a naked electric motorcycle (eFX three o) with potential 3.4 kWh battery, and a 300cc urban sportsbike (RTR HyprStunt) for stunting.