Mild Steel News Today

The European Commission launched an anti-dumping probe into PVC imports from China, South Korea, Taiwan, and Mexico following a massive 1,249.7% surge in Chinese exports, threatening potential provisional tariffs.

India's green hydrogen growth relies on cheaper renewable power, robust infrastructure, policy certainty, and sustained industrial demand from sectors like fertilizer, refining, and steel to ensure commercial viability.

India's Power Ministry confirms coal will supply nearly half of electricity through 2035-36. Capacity will rise from 224 GW to 315 GW, ensuring stable power for the steel and furnace sector.

India’s MS structural steel market is moving into a firmer phase as post-monsoon construction activity improves while raw-material costs and controlled mill supply support prices. Nexizo’s indicative levels show MS billets around ₹47,500/MT in Chennai, while structural sections remain elevated across key grades/hubs. Rising steel consumption and new heavy-structure capacity point to sustained procurement demand in the near term.

India’s stainless steel market remains firm week-on-week, supported by higher alloy costs, tight scrap availability and steady domestic demand, while subdued export activity is limiting sharper price gains. Domestic SS HRC 304 is currently around ₹2.11–2.18 lakh/MT across key hubs, with 316L significantly higher, while the extension of India’s anti-dumping investigation on CR stainless steel imports keeps import-related uncertainty elevated.

In August, China's MEK exports dropped 33.7% MoM but rose 35.3% YoY, averaging $1,002 per tonne. Despite high near-term volumes, expanding domestic capacity and returning overseas supply will intensify market competition.

In August, China's styrene exports rebounded 42.86% to 113,648.29 tonnes, while imports surged 196.37% to 12,450.13 tonnes. The average export price slightly decreased by 0.38% to $1,153.03 per tonne.

China's phenol imports hit a record low of 0.12 tonnes in August due to supply disruptions and maintenance. September imports are projected below 5 kt, with domestic cargoes dominating the market.

Patna Metro has completed 5.2 km of underground tunnelling, while construction work at the Rukanpura underground station progresses with the installation of diaphragm wall reinforcement steel cages.

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.