Mild Steel News Today

Hariom Pipe Industries unveiled a growth strategy focusing on capacity expansion to 785,000 tonnes, value-added products, and a 60 MW solar project. It leverages 900+ dealers to meet India's infrastructure demands.

Steel prices have moved upward across key regions amid improving demand and constrained supply. Distributors are raising prices as inventory remains tight and mills operate with strong order backlogs. Supported by infrastructure activity and fiscal year-end demand, market sentiment is strengthening, with limited chances of oversupply in the near term.

BCCL achieved a record 2.37 lakh tonnes single-day coal booking via a special discount scheme offering Rs 100-600/tonne cuts. This initiative, with 1.80 lakh tonnes booked by rail, significantly benefits steel and core industries.

Indian real estate faces rising costs and supply disruptions from the Gulf conflict, impacting steel, PVC, and glass prices. This threatens project timelines, affordability, and urban development, especially for affordable housing, potentially slowing the market.

AM/NS India starts work March 23 on a ₹70,000 crore greenfield steel plant in Andhra Pradesh. The 8.2 MT capacity project on 2,200 acres targets first units by end-2028, expanding its manufacturing footprint.

Iron ore futures dipped due to rising freight rates impeding steel exports and high energy costs. DCE May contract fell 0.55% to 807.5 yuan ($117.35); Singapore April iron ore 1.33% to $107.35.

A missile strike on Qatar's Ras Laffan, a global LNG hub, threatens India's 40% LNG imports. This impacts 10.3 million PNG users, industrial gas supply (fertilizer plants at 70%), and steel sector MSMEs, raising global energy security concerns.

European steel production hit a historic low as imports gained a record market share. EUROFER reports growth signs but highlights challenges from imports, falling output, volatile energy prices, and trade tensions.

Jindal Steel partnered with IIT Delhi to establish a national Centre of Excellence for structural steel research. This collaboration aims to advance high-strength steel use, improve design, and promote sustainable, performance-driven construction for India's rapidly expanding infrastructure.

India's 300 MT steel goal by 2030 hinges on green innovation, low-carbon tech, and R&D. Decarbonization, circular models, and renewable energy are crucial for sustainable growth and global competitiveness.