Mild Steel News Today

Govt boosted commercial LPG allocation by 20% to 70% of pre-crisis levels for key industries like steel, auto, chemicals. While aiming to stabilize operations, some sectors still face shortfalls and production cuts.

China's cracking C5 production plummets due to geopolitical tensions, with 65% of producers cutting output. Weekly production fell to 65.4 kt, a 5.1% WoW decline and 20.6% cumulative drop since late February.

Geopolitical volatility and supply shocks are driving a structural price realignment in the domestic PP market. Specialized PP resins are now primary profit engines, outperforming standard grades due to Sinopec's capacity drop and tightening imports.

India will hold talks next month with Argentina, Indonesia, and Oman to secure steelmaking raw materials like coking coal, iron ore, ferronickel, and lithium. This aims to boost supplies for its steel production and cleaner energy transition.

The Indian stainless steel market is witnessing a bullish trend in March 2026, driven by a sharp rise in raw material costs and geopolitical instability in the Middle East. With Jindal Stainless expanding its global footprint to 4.2 MTPA and domestic prices for 316L and 304 grades holding firm, the industry is bracing for further hikes in April.

SECI commissioned the first NGHM green hydrogen facility by JSW New Energy in Ballari. It produces 3,600 TPA using 25-27 MW renewable energy, reducing steel manufacturing emissions and utilizing oxygen for efficiency.

India's NGHM awarded 3000 MW electrolyser manufacturing and 0.862 mn t green hydrogen production capacity to companies. Demand aggregated for green ammonia/hydrogen, with pilot projects sanctioned for steel, vehicles, and ports.

India's Steel Ministry seeks oil ministry aid for LPG shortages, impacting the world's second-biggest crude steel producer. Disruptions from the Iran war threaten production, jobs, and investments, prompting emergency measures for gas supply.

Indore construction costs are rising 10-12% due to global supply disruptions and geopolitical tensions affecting material prices like steel and plywood. This causes project delays, cost overruns, and impacts housing affordability, especially for smaller developers.

The Road Ministry launched PRISM-SG, a digital portal to streamline approvals for steel girders in Road Over Bridges. This initiative reduces approval time from 12 months to 3-4 months, enhancing project efficiency, transparency, and coordination.