Mild Steel News Today

China's polypropylene industry is set to add 1.75 million metric tons per year of new capacity in September as several producers bring their units into operation, though actual supply increments may remain limited.

New Mangalore Port Authority achieved a milestone by handling its first-ever export of 31,500 tonnes of steel grade pig iron to Kenya, as overall cargo handling grew by 11.13 percent.

Global metallurgical coal markets face tight supply, boosting US export opportunities as India targets 300 million tonnes of crude steel capacity by 2030 through blast furnaces.

Indian steelmakers maintain strong credit profiles, driven by robust domestic demand, firmer pricing, and protective trade measures that reduce import pressure and support EBITDA growth despite high capital expenditure.

India’s HRC-rebar price spread narrowed sharply in August as rebar prices rose faster than HRC amid maintenance-led supply constraints and stronger bookings. With rebar availability expected to remain tight and construction demand likely to improve, the spread could narrow further in September.

ICAR-IARI scientists developed bio-enriched manure from steel slag and iron ore tailings, reducing chemical fertilizer use by 20 percent while boosting crop production by 10 to 20 percent.

India's vast coal reserves can drive growth beyond power through gasification, supported by a 37,500 crore rupee scheme aiming to gasify 100 million tonnes by 2030, reducing imports and boosting steel and chemicals.

GPT Infraprojects emerged as the lowest bidder for a Rail Vikas Nigam bridge construction project over the Mahanadi river, valued at Rs. 483.7 crore including GST.

Between August 21 and 27, China's methanol chain prices increased broadly due to bullish sentiment and a gradual recovery in downstream sectors, boosting overall product values.

TMT steel prices in India continued to strengthen as tight scrap availability, higher input costs and firm primary steel offers supported the market. Strong demand and limited mill supply are keeping prices elevated, while rising raw-material costs are likely to sustain positive momentum near term.