Market News Today

India was a net importer of finished steel in September, with provisional government data showing shipments of 0.65 million metric tons. This marks a significant shift in the country's steel trade balance.

Copper prices rose on Wednesday, reaching a 16-month peak due to expected market deficits from mine disruptions. However, a stronger dollar limited further gains, reflecting concerns over potential shortages.

Angry residents will protest Thursday against the crumbling 17.37-km Baddi-Nalagarh highway, despite crores spent on repairs. MLA Chaudhary accuses NHAI of negligence, as potholes up to two feet deep cause accidents and jams.

India's rising coal output faces evacuation hurdles as key coal-rail links are delayed to FY26 due to land/forest issues and local resistance. Projects, including CCL-linked ones, are extended by 12-18 months, impacting logistics and the 1.5 billion tonnes production target.

Ministry of Coal vested five new coal blocks, projecting ₹360 crore annual revenue, ₹517 crore investment, and 4,664 jobs. This brings total vested blocks to 125, with 265.844 MTPA PRC, ₹37,463 crore revenue, and 3,59,400 jobs.

A new Gati Shakti Multi-Modal Cargo Terminal opened in Brundamal, Jharsuguda, on Sept 20. With an annual capacity of 4.38 million tonnes, it streamlines coal transportation from Talabira and Ib-Sardega, boosting logistics and economic development in the region.

Acetic Acid prices in India continued their downward trend amid weak methanol feedstock and cautious downstream demand. Despite international prices firming slightly on Chinese restocking, domestic sentiment remains subdued. Stable supply, potential post-monsoon VAM demand, and gradual recovery in pharmaceuticals could support market stabilization through October.

India's top power firms plan over Rs 5.5 lakh crore investment to add 50+ GW thermal capacity by 2032. This boosts the current 240 GW, meeting soaring demand and ensuring grid stability, alongside renewable energy growth.

A 20-km traffic jam on NH19 near Sasaram, Bihar, stranded vehicles for nearly three days. Caused by road-widening and heavy rains, it disrupted travel and goods movement, leaving drivers without food, water, or help.

Gujarat added 6.6 GW of renewables, primarily solar, from April to August, boosting India's decarbonization goals. This surge, driven by policies and large projects, reinforces India's 500 GW non-fossil fuel target by 2030.