Mild Steel News Today

NHAI commenced a ₹44.64 crore bowstring steel ROB at Katpadi railway station, Vellore, on NH-75. Expected by September 2026, this 90.88m long, 12.5m wide bridge will ease traffic.

Mumbai's Metro Line 4 achieved a major milestone with a 52m steel span installed on the Andheri–JVLR Missing Link. This 12-girder structure, weighing over 46 tonnes each, will ease traffic, improve east-west connectivity, and cut travel to under 20 minutes.

September steel import permits totaled 1.65 million nt, down 12% from August. Finished steel imports were 1.248 million nt, down 11%. Year-to-date total imports reached 20.380 million nt, down 8.5% from 2024.

China's HRC output rose 5.3% to 187.496 million mt in Jan-Oct 2025, with CRC up 7.9% to 40.346 million mt. October HRC production hit 18.145 million mt, prices fluctuated RMB 3,360-3,465/mt.

US raw steel production for week 47, 2025, was 1.745 million net tons, down 0.7% from the prior week but up 8.3% year-over-year. Year-to-date production reached 78.973 million net tons, a 3.2% increase.

Iron ore futures climbed to a two-week high on Monday, driven by strong near-term demand and renewed hopes for stimulus from top consumer China, following recent weak economic data.

The structural steel market maintains a firm tone, with the secondary segment leading due to tight supply and strong demand for channels and angles. Primary mills remain cautiously optimistic, awaiting mid-November pricing cues. Stockists are actively replenishing inventories in the West and South, while trade liquidity has improved post-festive season across major hubs.

Steel prices remain stable across major hubs despite weak post-monsoon demand. Distributors are managing inventory cautiously, while mills are calibrating production to prevent oversupply. With India emerging as a net steel exporter and new investments under the PLI scheme gaining traction, the medium-term demand outlook — especially for TMT — appears increasingly positive.

HRC and CRC prices across key Indian markets remain largely steady, with marginal day-to-day movements reflecting local factors. Demand is stable but cautious as mills manage supply through maintenance shutdowns and reduced imports. Tata Steel's Q2FY'26 performance highlights resilience in the sector despite cost pressures. Near-term pricing sentiment remains cautious, with limited upside given mixed market signals.

India scrapped 76 QCOs on petrochemicals, metals, and steel to boost manufacturing and exports. QCOs, rising from 88 to 790 since 2019, caused supply chain issues, benefiting textile and steel industries.