Mild Steel News Today

China's Ethylene-vinyl acetate copolymer (EVA) imports are projected to fall 21% year-on-year to 720,000 tonnes, driven by significant domestic capacity expansion and increased self-sufficiency.

Fueled by infrastructure, oil & gas, and global demand, India's tube and pipe market, worth USD 32.88 billion in 2023, is set to grow at 6.43% CAGR to USD 37.7 billion by 2030, driven by steel and plastic pipes.

Manish Gulati, Executive Director of HEG, said the company exports to around 35 countries, including Europe, the Middle East, and Southeast Asia. The US contributes about 10–12% of total sales, helping HEG remain resilient despite tariff-related challenges.

Stainless Steel Prices: The domestic industry has petitioned for anti-dumping duties, with an investigation underway. Jindal Stainless reported a 33% profit jump in Q2, yet highlighted the impact of subsidised imports on local producers.

Chinese steel with alleged fake labels and certificates is distorting prices, hurting brands and risking end‑user safety in Brazil.

Rising sales to India and other Asian markets should help to offset stagnant demand from China, where steel production has flattened to near 1 billion metric tons annually and could decline slightly in coming years.

Nordec will deliver the roof steel structures and additional steel elements for Fazer’s new

Stainless steel prices remained largely stable across markets, with the 200 series outperforming due to limited imports. The 300 series witnessed mild weakness, while the 400 series gained strength on firm domestic demand. Jindal Stainless’ recent price cut and global import decline have added mixed cues to near-term sentiment.

Chhattisgarh secured Rs 33,321 crore in investment proposals at an Ahmedabad meet, creating over 14,532 jobs. Torrent Power led with Rs 22,900 crore for a 1600 MW thermal plant. Investments span green steel, pharma, and solar energy.

Tata Steel is likely to post a sharp rebound in profit for Q2 FY26, aided by lower input costs and higher domestic volumes, even as steel prices remain weak. Analysts expect a 2% rise in revenue and nearly 270% jump in profit year-on-year, driven by India operations offsetting European weakness.