Mild Steel News Today

AMNS India's ₹1.5 lakh crore steel plant in Andhra Pradesh will expand capacity from 8.2 MTPA to 24 MTPA in phases. This major project signals long-term growth for India's steel manufacturing, supporting infrastructure and urban development.

Tata Steel's new ₹3,200 crore, 115-acre Ludhiana plant, India's second-largest, uses EAF technology with 100% scrap, boosting green manufacturing and creating 2,500 jobs, aligning industrial growth with sustainability.

Rising crude and gas prices, fueled by West Asia unrest, are significantly increasing India's real estate construction costs. This impacts materials like steel, cement, PVC, and tiles, potentially leading to project delays and higher property prices.

India's Eight Core Industries grew 2.3% in February 2026, with Cement, Steel, Fertilizers, Coal, and Electricity showing positive growth. Cumulative growth for April-Feb 2025-26 reached 2.9%.

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.