Mild Steel News Today

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.

Steel Exchange India Limited (SEIL) raised Rs 750 Mn via convertible warrants from IMR Group entities, part of a Rs 3.5 Bn fundraise. This capital infusion aims to boost operational efficiency, strengthen supply chains, and reduce debt for integrated steel manufacturing.

The Indian stainless steel market is navigating a period of "cautious stability" this week. While benchmark prices for SS 304 and SS 316 remain firm due to steady domestic demand from the infrastructure and defense sectors, global raw material volatility—specifically in Nickel—is keeping buyers on alert. Supply chains are currently managing a delicate balance between healthy local inventories and mounting logistical pressures from the Strait of Hormuz disruptions.

India targets 300 Mn tonnes steel capacity by 2030, importing 90% coking coal. Diversifying from Australia to the US faces hurdles. Experts advise green hydrogen/scrap furnaces for energy security. Government aids.

India's push to diversify 90% met coal imports to the US offers limited protection from price shocks and supply constraints, due to global price linkages, higher freight, and limited US capacity, risking its 2030 steel goals.

Evonith Steel raised ₹2,000 crore: ₹1,750 crore for debt reduction and ₹250 crore for project completion and expansion. This includes a 0.3 MTPA DI pipe project and increasing steel capacity to 0.6 MTPA.