Mild Steel News Today

Kolkata's steel expansion gains pace with major engineering contracts awarded for facility upgrades. This aims to boost eastern India's industrial ecosystem, creating jobs and strengthening supply chains, while emphasizing environmental responsibility for sustainable growth.

Tata Steel will invest ₹10,000 crore in Jharkhand by 2028, creating 2,000 jobs. This includes ₹7,000 crore for HIsarna technology, aiming for 40 MTPA steel capacity and lower emissions.

Akash Steel Crafts reinforces stringent QAP, ASTM compliance, and specialized stainless steel pipe/tube manufacturing. Focusing on disciplined sourcing and quality control, they cater to sugar, fertilizer, chemical, and general manufacturing sectors, driving long-term growth.

ISSDA and GSSE partnered to promote stainless steel for India's clean energy transition. The market is projected to reach USD 15.8 billion by 2030 (9.1% CAGR), highlighting the need for a National Stainless Steel Policy.

US imposed 25% tariffs on Brazilian exports like steel, sugar, paper, effective July 22, sparing coffee. This move politically damages the Bolsonaro family, while President Lula gains support. Chemical commodity prices face volatility.

The Mumbai Ahmedabad Bullet Train corridor advanced with a long-span steel bridge installation in Ahmedabad, showcasing advanced engineering. This milestone minimizes disruption, improves safety, and sets a precedent for future urban infrastructure projects, bringing the project closer to completion.

A ₹15,000 crore Bankura steel plant in Mejia, West Bengal, begins construction. With 2 million tonnes capacity, it promises thousands of jobs, reshaping the regional economy while balancing growth with environmental responsibility.

NHSRCL launched its 15th steel bridge (80m, 1,004 MT) for the Mumbai-Ahmedabad Bullet Train Project, completing 15 of 17 in Gujarat. Progress continues on stations, TBM tunneling for the 508 km corridor, aiming for 2027 operations.

Ahmedabad's Bullet Train corridor achieved a milestone with an 80-metre, 1,000-tonne indigenous steel bridge installed over Anupam Flyover. This complex urban engineering feat strengthens India's high-speed rail progress and domestic manufacturing capabilities.

India's steel market remained under pressure as monsoon-driven demand slowdown, rising inventories, and price cuts by major mills pushed domestic steel prices to a six-month low. While export sentiment improved in Europe following quota clarity, uncertainty around the Strait of Hormuz and weak Asian demand continued to weigh on overseas trade.