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.

Bondada Engineering eyes ₹10,000 crore investment for 25 GW renewable energy by 2030, expanding into data centres and defence. It targets a ₹10,000 crore order book, including 16 GW solar and 9 GW BESS.

Odisha's Dy CM reviewed power preparedness for summer and Kalbaisakhi, directing DISCOMs to ensure 24/7 reliable supply, strengthen infrastructure, enhance safety, and address consumer complaints promptly. Weekly compliance reports are mandated.

India's DGTR proposes reducing anti-dumping duties on metallurgical coking coal imports. Duties for Indonesia drop from $82.75/ton to $67.50/ton, and Japan from $60.87/ton to $42.95/ton, effective until June 30. This follows findings of dumping impact.