Mild Steel News Today

European stainless steel prices have risen by up to EUR 100 per tonne, with further increases expected. Producers are delaying orders to capitalize on price hikes anticipated from the CBAM CO2 tax, effective January 1, 2026.

New Delhi and Stockholm rolled out seven next-phase low-carbon innovations in steel and cement. These scalable solutions, crucial for India's peak construction decade, aim to reduce emissions in urban development by transforming materials and processes.

TMT prices have moved higher across major regions as post-monsoon demand improves and distributors operate with limited inventories. Mills are running with full order books and constrained production capacity, restricting near-term supply. Strong sales performance by SAIL further reinforces positive sentiment, supporting a firm-to-upward price outlook.

Punjab is boosting high-tech manufacturing, targeting semiconductors, EVs, and steel. New policies and incentives, including GST refunds and capital subsidies, will be announced in January, ahead of the March 14-16 Invest Punjab Summit, aiming for significant investment.

EU Council adopted new steel import rules to protect its industry. It sets tariff-rate quotas between 15.2-22.2 million mt, allows carry-overs, and requires melt-and-pour evidence from Oct 1, 2026, with reviews every 2-4 years.

Dalian iron ore prices hit a five-month low as China plans to implement a licence system from 2026 to regulate steel exports, impacting demand prospects.

In 2025, China's PVC market faced severe oversupply due to 2.2 million tonnes/year new capacity, leading to significant producer margin losses and production cuts.

US beam exports in August totaled 18,927 mt, down 1.1% from July and 50.7% year-on-year. Valued at $28.4 million, Mexico was the top destination with 10,238 mt, followed by Mexico and Vietnam.

Punjab woos semiconductor, EV, and steel firms with special incentives like PLI and capital subsidies. MoUs are expected soon, with announcements before the March 14-16 Invest Punjab Summit, aiming for a new industrial era.

Odisha's steel sector will reach 33.78 MT capacity from integrated plants and 6.15 MT from others by FY 2025-26. Policies promote Made-in-India steel, quality, and sustainable growth, strengthening domestic supply and employment.