Mild Steel News Today

An 80-year-old shop in Ahmedabad's Manek Chowk is keeping the traditional Kalai craft of tin-coating copper and brass vessels alive, despite declining household demand, rising material costs, and a shift toward steel utensils.

India’s TMT steel market remained firm on October 26, 2026, with prices across Mumbai, Delhi-NCR and Vizag ranging from ₹63,250 to ₹65,700 per tonne. Stronger primary-market demand, low distributor inventories, mill order backlogs and maintenance-related production constraints are supporting prices, although RINL’s resumed TMT rolling operations could gradually improve regional availability.

China's polypropylene prices surged to a historic high of Yuan 11,658 per ton in early November, marking a 77.47% year-on-year increase driven by soaring geopolitical costs and domestic supply contraction.

Cranex Limited secured orders worth ₹12.88 crore from Larsen & Toubro and Godawari Power & Ispat to supply electric overhead travelling cranes, strengthening its position in the power and steel sectors.

Nippon Paint India entered the marine coatings market by launching NIPPON CERAMO, a global inorganic shop primer designed to enhance shipbuilding efficiency, steel protection, and manufacturing productivity across Indian shipyards.

PT Krakatau Steel plans a $350 million stainless steel slab project in Indonesia aiming for 1.2 million tons annual capacity, projected revenues exceeding $2 billion, and strategic industry partnerships.

India’s steel pipe sector presents a mixed outlook, with Surani Steel Tubes reporting sharp revenue growth and Jindal India expanding galvanised coil capacity. However, proposed US trade investigations targeting Indian seamless pipes could affect export competitiveness and order economics. Domestic MS and DI pipe prices remain unverified in the supplied sources.

Nomura maintains a bullish outlook on India's steel sector, expecting domestic makers to benefit from price hikes absorbing raw material inflation through the first half of FY27, while retaining 'Buy' ratings on Tata Steel and JSW Steel.

Northeast Frontier Railway and IIT Roorkee signed an MoU on October 27 to develop an AI-based hybrid methodology using drones for crack detection and residual fatigue life assessment of aging steel bridges.

IEEFA submitted feedback on India's draft National Steel Policy: Vision 2047, recommending strategies for raw material security in met coal and iron ore, and financing the sector's decarbonisation transition.