Mild Steel News Today

India's premium hard coking coal index surged $15 to $280 per tonne, hitting a record high amid tight Chinese supplies and dropping Russian output, pushing domestic steel prices up.

Global steel markets showed divergent July trends. US prices strengthened, China softened, and Europe stayed flat. India's flat steel remained resilient while long steel bottomed out mid-month.

BMW Ventures has secured two purchase orders totaling Rs 249.83 million from Lata Projects for supplying TMT steel to the USCTPP Adani project, to be executed within eight weeks.

In July, China's butadiene imports surged by 96.03% while exports slumped by 71.34%, driven by an influx of European supply that eased regional buying pressure in Asian markets.

India’s steel market strengthened sharply in the week ending August 21, supported by improved retail buying, controlled mill dispatches and lower inventories. Rebar led the rally, while HRC and CRC prices also moved higher. Firm raw material costs and maintenance shutdowns are tightening availability, keeping the near-term market outlook positive.

Falling solar and storage costs below thermal power are reshaping India's energy transition, offering new opportunities for private investment in domestic manufacturing, green steel, and biomass markets.

Jindal Steel will host in-person meetings with institutional investors and analysts at the Elara India Dialogue 2026 in Mumbai on September 1, 2026, to discuss operational performance and strategy.

China's PVC exports dropped to a year-to-date low of 216,200 tonnes in July, down from a peak of 684,000 tonnes in March, driven by weak overseas demand and volatile energy costs.

China's July sulfuric acid exports plunged 99.77% year-on-year to just 1,000 tonnes due to strict domestic export control policies, reshaping trade flows and increasing local supply pressures.

China's PVC paste resin production is projected to reach a record 1.35 million tonnes in 2026, driven by capacity expansions totaling 1.65 million tonnes per year.