Mild Steel News Today

A ₹15,000 crore Bankura steel plant in Mejia, West Bengal, begins construction. With 2 million tonnes capacity, it promises thousands of jobs, reshaping the regional economy while balancing growth with environmental responsibility.

NHSRCL launched its 15th steel bridge (80m, 1,004 MT) for the Mumbai-Ahmedabad Bullet Train Project, completing 15 of 17 in Gujarat. Progress continues on stations, TBM tunneling for the 508 km corridor, aiming for 2027 operations.

Ahmedabad's Bullet Train corridor achieved a milestone with an 80-metre, 1,000-tonne indigenous steel bridge installed over Anupam Flyover. This complex urban engineering feat strengthens India's high-speed rail progress and domestic manufacturing capabilities.

India's steel market remained under pressure as monsoon-driven demand slowdown, rising inventories, and price cuts by major mills pushed domestic steel prices to a six-month low. While export sentiment improved in Europe following quota clarity, uncertainty around the Strait of Hormuz and weak Asian demand continued to weigh on overseas trade.

The Indian structural steel market is facing seasonal headwinds as the monsoon season reshapes domestic procurement. While primary manufacturers struggle with low production and sluggish demand, the secondary re-rolled sector is experiencing choppy trading conditions. For B2B buyers looking at procurement strategies, here is a complete breakdown of today's market dynamics for MS Billets, Angles, Channels, and Beams.

Benzene port stocks at Jiangsu plunged over 60% YoY to a record low of 56,800 tonnes by July 13, 2026. This 20-week decline is due to falling imports and domestic production cutbacks.

Ahmedabad's high-rise boom, needing 3.1 million homes by 2050, risks soaring embodied carbon emissions from construction materials like cement and steel. The study urges sustainable practices, longer building lifespans, and better recycling to mitigate climate impact.

Vedanta unveiled a $5 billion growth plan, targeting significant capacity increases across metals, energy, and power. Plans include trebling zinc/lead, doubling aluminium, and expanding oil/gas, iron/steel, and power to 20,000 MW, aiming for $100 billion entities.

Nippon Paint showcased advanced coil coating innovations at SMARTCOR 2026 in Bhubaneswar on July 10-11. Their solutions enhance durability, corrosion protection, and sustainability for pre-painted steel, leveraging global R&D and emerging technologies.

Japan's overall steel demand, including exports, is forecast to decline by 3.1% year-on-year to 18.05 million mt in July-September 2026, with exports falling 6.4% amid global economic uncertainty and protectionism.