Mild Steel News Today

AM/NS India has become the first steel manufacturer to secure two new BIS certifications for advanced Q&T steel and alloy-coated sheets, boosting domestic infrastructure and heavy engineering supply.

State-owned NMDC targets 60 million tonnes of iron ore production in FY27, aiming for 100 million tonnes by 2030-31 while diversifying into coal and expanding infrastructure to support steel demand.

India’s rebar market is entering the second half of September with firm price momentum, supported by constrained primary supply, maintenance shutdowns and higher coal, sponge iron and coke costs. Post-monsoon construction activity and low distributor inventories are improving demand, while festival disruptions may temporarily limit transactions. Near-term prices are expected to remain elevated, with primary/BF-route material seeing stronger upside than IF-route rebar.

China's polypropylene spot prices surged past Yuan 10,000/t in September, hitting a five-year high driven by soaring costs, geopolitical conflicts, and plant maintenance, despite weak end-user demand.

INALSA launched the Aero Smart 30 Air Fryer Oven in India featuring a 30-litre capacity, 18-in-1 digital presets, and non-toxic stainless steel design, priced at Rs 18,999 with a 2-year warranty.

Cochin Shipyard commenced steel cutting for the Indian Navy's Next Generation Missile Vessel programme. The 9,804-crore contract for six high-speed combatant vessels was signed in March 2023.

Indian stainless steel prices remain firm as elevated nickel values, a weaker rupee and tight availability of imported material support producer and trader offers. Demand is mixed across grades, with 300-series consumption constrained by high prices while 200- and 400-series demand is improving; near-term prices are expected to remain firm, with grade-wise divergence.

A-One Steels signed 16 long-term PPAs for 230 MW of solar and wind energy to power its manufacturing facilities in Karnataka and Andhra Pradesh, advancing its green energy transition.

Corrosion costs India's infrastructure Rs. 142 billion annually, around 2.9% of its GDP. Effective prevention measures could generate massive savings, highlighting the urgent need for stricter protection standards and material selection.

Australia's major infrastructure and renewable energy push, targeting 4,581 kilometers of new transmission lines and a 51% rise in lithium demand, strains steel supply and material costs, demanding integrated logistics.