Mild Steel News Today

Iran's economy is battered by strikes and blockades, crippling industries like steel and carpet-making. Over 1 million jobs are lost, with 10-12 million at risk. Prices for essentials like chicken (up 75%) are soaring, yet leaders bet on resilience.

India's S5 SSBN program accelerates with a twin submarine plan. The lead boat's steel cutting is set for late 2025, featuring a 190 MW reactor and K-6 ICBM capability for intercontinental deterrence, marking a significant strategic leap.

Iron ore futures dropped below CNY 780 per ton, hitting a more than one-week low. This fall occurred as Chinese steelmakers were cleared to trade BHP Group stockpiles accumulated at ports.

India became a net finished steel exporter in FY2025/26, shipping 6.6 million tons (up 35.9%) against 6.5 million tons imported (down 31.7%). Crude steel production rose 11.2% to 169.2 million tons, with consumption up 8%.

EU steelmakers anticipate a strong Q1 2026 rebound, driven by new trade measures and rising energy prices, boosting hot rolled coil prices by 20%. While Middle East conflict aids competitiveness, trimmed demand forecasts (1.3%) and high energy costs pose challenges.

Western Railway conducted overnight blocks for Metro Line-6 steel girder launch between Ram Mandir and Jogeshwari, and two foot overbridges at Dahisar. Two major blocks, one for 10 hours, caused diversions and temporary line closures for infrastructure upgrades.

The Indian Mild Steel market entered a phase of near-complete price consolidation during Apr 20–26, 2026, with the category average holding at ₹51,089/MT — virtually unchanged week-on-week (down just 0.04%) but up a healthy 1.10% month-on-month, signalling underlying demand resilience. Across nine tracked product segments, Sponge Pellet was the lone mover, slipping ₹100/MT (-0.39% WoW) to ₹25,800/MT, while structural products — Angle, Beam, Channel, and Round Bar — posted modest month-on-month gains of 1.74–3.10%, driven by sustained infrastructure offtake. Procurement managers can take measured comfort in the stable pricing environment, though geopolitical supply-chain risks and input cost pressures warrant continued vigilance heading into May.

Khanna SSP Darpan Ahluwalia urged DC for a fire control room and PPCB inspections due to a surge of blazes at showrooms, shops, water park, steel plants, and a grocery store, to save lives and property.

Germany's steel production rose 7.5% year-on-year in March to 3.34M tons, with Q1 output up 9% to 9.26M tons. However, the German Steel Association warns against sustained recovery, citing low demand, inventory restocking, and import pressures.

India's rolled steel exports surged 36% to 6.6 million tons in FY2025/2026, driven by European demand. Italy was the top market with 1.07 million tons (+51%). However, trade barriers and geopolitical tensions complicate future outlook.