Mild Steel News Today

Indian steel exporters secured duty-free access for 2.8 million tonnes of annual exports to the EU, front-loading trade agreement benefits and helping safeguard over 80 percent of shipments ahead of the formal FTA.

During September 11-17, 2026, China's methanol industry chain prices rose, driven by supportive supply-demand fundamentals and gains in downstream products.

In August, China's paraxylene imports rose 15.34% month-on-month to 591,200 tonnes due to unit restarts and better demand, but plunged 32.51% year-on-year amid Asian supply disruptions.

Indian steel pipe prices remain firm with a mild upward bias, supported by elevated HRC prices, higher steelmaking costs and improving post-monsoon infrastructure activity. DI pipes have stronger supply-demand fundamentals, while MS/ERW pipes face greater competition from secondary producers and imports, limiting sharp price increases.

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.