Mild Steel News Today

An under-construction steel bridge on the Shimla-Matour four-lane highway collapsed in Hamirpur due to mechanical failure, injuring three workers. A 150-foot deep stream was impacted, and expert investigation is underway.

Jindal Steel chairman weighs a European steelmaker bid, while Vertex Ventures, Mapletree, and Coca-Cola make strategic business moves in the latest industry updates.

The EU must increase crude steel production by 12%-13% by 2027 to offset declining imports, requiring an additional 8 to 11 million metric tons of steel scrap and new electric arc furnaces.

State-backed SAIL airlifted a 1-tonne coking coal sample from Mongolia to test its suitability for steelmaking, aiming to diversify supplies and reduce heavy dependence on Australia.

In Q3, galvanising operating rates remained weak YoY due to weather disruptions and sluggish end-use demand. While Q4 may see a structural recovery driven by power grid and infrastructure projects, weak YoY patterns will likely persist.

Odisha approved 19 industrial projects worth Rs 3,280.58 crore, creating 10,661 jobs. Key sectors include biofuel, textiles, steel downstream, and tourism, boosting regional economic diversification and employment generation.

An Indian firm tied to Russian interests is building a $15bn steel megaplant in Iowa, promising thousands of jobs and millions of tonnes of steel, highlighting complexities in US trade policy.

India’s stainless steel market remained rangebound in the week ended 25 September, with 304 scrap prices unchanged while 316 scrap gained on tighter availability. Importers continue to face PSIC-related processing constraints and additional costs, while the six-month extension of the anti-dumping investigation on stainless steel cold-rolled flats from China, Indonesia and Vietnam adds uncertainty to import planning.

India's push to double coking coal output by 2030 to meet steel demand risks surging methane emissions. Targeted mitigation, mine-level planning, and capturing methane can cost-effectively curb emissions and support decarbonisation.

India's port coal stocks fell to 18.35 mnt during September 20-26, 2026, driven by a 12.4% decrease in coking coal inventories at steel-linked ports, while non-coking coal stocks rose by 3.0%.