Mild Steel News Today

The government is re-evaluating plans to float tenders for 1 GW wind energy projects. Rising steel prices have reduced bidder interest, prompting the MNRE to engage with the World Bank for a new investment roadmap.

Bharat Steel 2026 will focus on capacity expansion and sustainable growth for India's steel sector, driven by infrastructure and industrial ambitions. Consumption is projected to grow 9% in 2025-26, positioning India as a global manufacturing hub.

Jindal Stainless Steel plants face fuel supply disruption due to global energy shocks and West Asia tensions, leading to reduced capacity and higher costs. This impacts India's heavy industry and could delay exports.

India's stainless steel demand, driven by expanding infrastructure and urban construction, is projected for 7-8% annual growth. Consumption hit 4.8 million tonnes in FY24-25, an 8% rise, with significant future expansion potential.

US initiated a Section 301 probe under the 1974 Trade Act into manufacturing practices, including India, citing excess capacity. This creates uncertainty for Indian exporters in sectors like steel and textiles, prompting a wait-and-watch stance.

Secondary steel makers urge government intervention over irregular industrial gas supply, warning disruptions could close hundreds of units. Shortages impact production, raise costs, and threaten MSME financial sustainability and India's infrastructure growth.

India’s structural steel market remains firm as mills raise prices by ₹500–₹1,500/MT to offset rising raw material and energy costs. Strong demand from infrastructure, PEB, and warehouse projects continues to support consumption, while falling mill inventories and production cuts at secondary mills tighten supply. Global energy price spikes and China’s capacity curbs are also sustaining the upward momentum in domestic steel prices.

Iron ore futures surged past CNY 790 per ton, hitting near two-month highs. This rally is driven by intensifying Mideast conflicts disrupting key steelmaking ingredient shipments.

ArcelorMittal/Nippon Steel begins construction of a major steel plant in Andhra Pradesh on March 23, announces Chief Minister Naidu.

A comparison of JSW Steel and Tata Steel after Q3 results, where JSW reported Rs 45,991 crore revenue while Tata Steel posted Rs 57,002 crore, highlighting operational performance, expansion plans, and outlook for the next steel cycle.