Mild Steel News Today

India aims to boost its steel production capacity to 300 million tons by 2030, reducing import reliance and bolstering domestic industry, according to Steel Secretary Sandeep Poundrik.

Structure steel prices increased sharply in the primary market due to strong demand and input cost pressure. Mills in Durgapur, Vizag, and Chennai led the hike, with lead times now stretching beyond 4 weeks. Secondary prices remained steady with moderate increases.

Stainless steel prices across 200, 300, and 400 series are trending higher due to tightening supply and increased demand, especially in domestic markets. Jindal Stainless Limited raised prices by Rs 3/kg for widths above 1300mm. Meanwhile, scrap buying rates remain high, reflecting bullish sentiment. Price expectations remain firm across all series due to ongoing logistical and regulatory constraints.

Chhattisgarh seeks investments in textile and steel sectors at Mumbai events on April 23-24, showcasing its industrial policy and infrastructure.

DMRC completes 50m high steel span for new Pitampura Metro Station on Magenta Line extension. A 180m FOB will connect new and existing stations. The new station will have 3 gates, 5 lifts, and 14 escalators.

Green hydrogen offers a transformative path to decarbonize India's steel sector, aiming for 13% green steel output by 2050 and requiring $300 billion investment by 2070.

A 400-tonne, 65-meter steel girder was installed over Diva railway tracks for Mumbai's Metro Line 5, connecting Mankoli and Durgadi Naka. This line aims to carry 200,000+ passengers daily.

Tata Steel is investing \u00a31.2 billion to upgrade its Port Talbot steel plant, including a new pickling line with 1.8 million metric ton annual capacity and two electric arc furnaces.

Indian stock market opened flat following global cues. Nifty at 24,178.50 (+0.22%) and Sensex at 79,605.60 (+0.25%). Bank and steel stocks are in focus.

Primary TMT prices are holding firm across major regions despite a noticeable drop in demand. Distributors have raised rates amid limited material availability, especially with SAIL’s DSP unit under maintenance. Inquiry volumes have dropped significantly from March levels, signalling a potential downward correction in prices.