Mild Steel News Today

US hot-rolled steel prices surged to $1,400 per ton, marking the highest level since May 2022, driven by new 50% tariffs on imported steel that restricted foreign supply and boosted domestic pricing power.

India’s HRC and CRC prices declined amid festive-season demand weakness, limited project bookings and cautious procurement. Mumbai HRC remained steady at ₹63,700/tonne (₹63.70/kg), while CRC fell ₹400 to ₹74,500/tonne (₹74.50/kg). With subdued buying and additional HRC imports expected, prices are likely to remain under pressure until post-festive demand and fresh project orders improve.

India’s stainless steel market is receiving regulatory relief as the Ministry of Steel exempts 162 grades of semi-finished flat products from mandatory QCO compliance until March 31, 2027. Delhi stainless steel coil prices remain grade-dependent, ranging from ₹132/kg for 201 J3 narrow CR coils to ₹430/kg for 316L CR coils. The exemption may simplify import procurement, but subdued first-half 2026 slab arrivals suggest landed economics—not compliance relief alone—will determine near-term supply and price direction.

India targets gasifying 100 million tons of coal annually by 2030, backed by substantial capital schemes, to reduce import dependence and boost industrial feedstock resilience for fertilizers, chemicals, and steel sectors.

Cyberabad Traffic Police extended Gachibowli road closures and diversions by 90 days due to ongoing steel flyover and underpass construction, causing severe daily traffic congestion for commuters.

A new IEEFA study reveals that using renewable electricity and coke oven gas can enable low-emissions DRI steelmaking at existing sites, bypassing natural gas dependence and reducing market risks.

The manual Divya washing machine uses steel to offer a durable, low-cost solution that eases hand washing, improving the lives of women and girls worldwide, particularly showcased in India.

India's massive upcoming infrastructure growth offers a crucial chance to embed energy efficiency. By leveraging green public procurement and resolving transmission gaps, India can shape a sustainable carbon future.

Steelmakers can use renewable electricity and redirected coke oven gas to produce direct reduced iron, cutting costs and emissions by 10% without relying on natural gas.

Using renewable electricity to replace fossil fuels and redirect coke oven gas for direct reduced iron production can cut costs and emissions, avoiding long-term natural gas dependence in steelmaking.