Mild Steel News Today

Ahmedabad's Makarba overbridge project, with 12 steel girders installed, nears June completion. It targets faster commutes for 150,000 daily users on SG Highway, reducing congestion, though safety concerns at its landing persist.

JSW's Sajjan Jindal foresees Middle East conflict impact lasting under 2 months, with India's growth continuing via capex, "Make in India," and JSW's EV/steel projects. IIM Nagpur achieved 25th NIRF rank and Rs 73.17 lakh highest placement.

JSW Group plans a 25 million tonne integrated steel plant in Gadchiroli, Maharashtra, leveraging iron ore proximity and improved security. Chairman Sajjan Jindal foresees continued capex momentum and highlights JSW's electric mobility and battery manufacturing initiatives.

BigMint's coking coal index rose $2 w-o-w to $268/tonne CNF Paradip on May 22, 2026. This occurred despite falling Australia-India vessel freights and declining Indian steel prices. No uptrend is expected.

Dola Sen, Parliamentary Standing Committee on Commerce Chairperson, stated on May 23, 2026, that India-US trade ties show promise but face constraints. The committee is evaluating relations across agriculture, textiles, automobiles, steel, fisheries, and chemicals.

Karnataka regulators closed two Koppal steel units over pollution, highlighting growing scrutiny of manufacturing growth versus sustainability goals. This impacts the state's industrial strategy and Bengaluru's connected economy, urging stronger environmental governance.

Hebei's trade with ASEAN surged 38.7% to RMB 28.9 billion ($4.2 billion) in four months, making ASEAN its largest partner. Steel product exports to ASEAN soared 1.3-fold to RMB 3.77 billion ($0.55 billion), driven by policy adaptation and infrastructure demand.

India and six nations flagged UK's new steel import curbs at WTO, reducing tariff-free quotas by 60% from July 1, with a 50% tariff on excess. This delays the India-UK trade pact, seeking "least trade-restrictive" solutions.

Indian flat steel markets remained largely stable this week as cautious procurement activity balanced firm mill pricing. HRC, CRC, HR Plates, and MS Flats prices held steady across major regions despite subdued downstream demand. Export activity to the Middle East and Vietnam improved, while rising freight costs, safeguard uncertainty in Europe, and controlled inventory levels continued influencing procurement strategies and trade sentiment.

The Automotive Steel Market, valued at USD 31.93 billion in 2025, is projected to reach USD 77.96 billion by 2032 with a 13.6% CAGR. Driven by the EV revolution and lightweight mobility, demand for advanced steel in battery enclosures and structural components is surging globally.