Mild Steel News Today

India's steel expansion risks $1 trillion coking coal imports over 40 years. Green steel, powered by domestic renewable energy, offers a strategic alternative. By 2030, green hydrogen at $3/kg enables green steel at $562/tonne, potentially achieving cost parity with conventional steel.

KD Green Industries' MD, Dilip Kumar Goenka, won the Excellence in Sustainable Manufacturing and Green Innovation award at Times Business Awards North-East (2025-26). The BSE-listed firm (512595) focuses on eco-friendly solutions and green steel products.

India's TDB partnered with NTF Energy for Type-IV Composite CNG Cylinders, weighing 15-20 kg (vs 60-70 kg steel). This 40-45 kg reduction boosts fuel efficiency, cuts emissions, and enhances safety. Market entry by Sept 2027.

India's steel sector embraces coal gasification for raw material security, leveraging 400 billion tonnes of domestic coal and INR 37,500 crore incentives. However, it poses decarbonization challenges despite CCUS efforts.

India's coking coal index held at $266/t CNF Paradip on May 15, 2026, near a three-month high, supported by higher freights and tight supply. Met coke was stable, rebar declined. Prices may inch up.

On May 11, Korea's Trade Minister Yeo Han-koo met EU Commissioner Maros Sefcovic in Brussels, urging caution on steel import quotas. Korea conveyed industry concerns regarding the EU's restrictive measures.

TMT bar prices in India remained largely stable this week amid balanced demand from infrastructure and real estate sectors. Primary TMT prices witnessed steady bookings, while secondary TMT markets saw selective buying due to regional price variations. Raw material fluctuations and project-led demand continue to influence near-term market sentiment across India.

Puttaparthi is set to become India's defence hub with a Rs 15,803 crore AMCA project for 5th-gen fighter jets, creating 7,500 jobs. Andhra Pradesh also plans a Rs 1 lakh crore horticulture plan, steel plant, Drone City, Space City, and gold production expansion.

Steel rebar futures dropped towards CNY 3,200 per ton, retreating from nine-month highs. This decline is attributed to an anticipated seasonal slowdown in demand and softer downstream consumption, impacting the market.

Jindal Stainless (JSL) has announced a fresh price revision effective 13 May 2026 across its 300 series stainless steel grades and finishes. The revised price adjustments are as follows: * 304/304L (CR Finish) increased by ₹3/kg * 304/304L (HR Finish) increased by ₹4/kg * 316/316L (CR & HR Finish) increased by ₹10/kg The latest revision reflects strengthening market sentiment in the stainless steel segment, particularly for higher nickel-bearing grades.