Mild Steel News Today

Steel pipe prices in India remained stable this week, while Jindal Supreme India's proposed IPO signals long-term confidence in the infrastructure and construction sectors. Supported by steady demand and expansion plans, the steel pipe market is expected to remain firm, with manufacturers focusing on capacity growth and improving supply capabilities.

India's rising coking coal production to meet steel demand will spike methane emissions. Adopting cost-effective abatement technologies is crucial to reduce 234.7 kilotonnes of methane and meet climate goals.

AM/NS India launched Zagnelis Protect, a localized zinc-aluminium-magnesium coated steel at its Hazira facility, enhancing automotive corrosion resistance for EVs and reducing import dependence.

SAIL's Rourkela Steel Plant acquired DRDO technology from DMRL to manufacture DMR-249B defence-grade steel plates, boosting India's indigenous defence manufacturing capabilities.

Iron ore futures dropped near three-week lows to CNY 740 per ton due to abundant global supply, as port inventories remained high and Chinese steel mill stockpiles climbed 8% last week.

India's steel market remained stable with improving sentiment as project demand strengthened and mill order books expanded. Rebar prices moved higher, HRC prices stabilized, and raw material costs remained firm. Planned maintenance shutdowns, healthy exports, and tightening inventories are expected to support steel prices across India in the coming weeks.

TMT steel prices in India continued to strengthen as robust primary market demand, lean distributor inventories, and reduced mill production tightened supply. Higher fuel costs and growing order backlogs further supported the uptrend. The market is expected to remain firm, with prices likely to stay elevated in the near term.

RINL's e-auction for 150,000 tonnes of coking coal received no bids due to weak steel margins, ample inventories, and expectations of falling prices. India's June imports dropped 25% month-on-month to 5.6 million tonnes.

Mumbai Metro Line 2B reached a major milestone as engineers installed the first 70-tonne steel back-span segment of its 200-metre cable-stayed bridge over busy transport corridors, enhancing urban connectivity.

DMRC erected a 58-metre steel span over NH-9 and the Delhi-Meerut Expressway without disrupting traffic, marking a key milestone in constructing a new train reversal facility.