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Mild Steel News Today

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Iron ore slips as mill maintenance, rising China port stocks weigh

Iron ore slips as mill maintenance, rising China port stocks weigh

Iron ore futures prices closed lower on Tuesday, weighed by steel mills undergoing annual furnace maintenance and rising Chinese port inventories, reflecting market pressure.
China PX imports inch down 0.98% MoM in Nov 2025

China PX imports inch down 0.98% MoM in Nov 2025

China's PX imports in Nov 2025 decreased 0.98% MoM to 816,809 tonnes, a drop of 8,104 tonnes. This decline was attributed to weak downstream demand, particularly from the textile industry.
India’s medical and scientific equipment imports reach USD 2.5B

India’s medical and scientific equipment imports reach USD 2.5B

India's medical and scientific equipment imports hit $2.5 billion. The trade deficit with China is projected to reach $106 billion by 2025, with plastics imports at $6.3 billion and steel products at $4.6 billion.
Slow European construction activity weighs on petrochemical, steel, cement demand

Slow European construction activity weighs on petrochemical, steel, cement demand

Slow European construction in Q4 2025 weighed on petrochemicals (PVC Eur780/mt, PE Eur1,050/mt), steel (rebar Eur580/mt), and cement demand. Q1 2026 outlook is bleak, though CBAM and German infrastructure fund offer some 2026 optimism.
Indias core sector grows at 1.8% in Nov; cement, steel, fertiliser and coal in positive territory

Indias core sector grows at 1.8% in Nov; cement, steel, fertiliser and coal in positive territory

India's core sector grew 1.8% in November. Cement led with 14.5% growth, followed by steel (6.1%), fertiliser (5.6%), and coal (2.1%). Crude oil, natural gas, refinery products, and electricity declined.
Alleima expands product capabilities at Mehsana plant in India for urea industry

Alleima expands product capabilities at Mehsana plant in India for urea industry

Alleima expanded its Mehsana, India plant, launching local production of SAF 2906 and SAF 3006 high-performance stainless steel for the urea and chemical industries. This 180 MSEK investment supports India's industrial self-reliance and energy transition.
Kumaraswamy Invites Envoys to Join Flagship Bharat Steel 2026

Kumaraswamy Invites Envoys to Join Flagship Bharat Steel 2026

Union Minister Kumaraswamy invited envoys to Bharat Steel 2026, an annual global event. India, the 2nd largest steel producer, targets 300 MT capacity by 2030 and 500 MT by 2047, focusing on green steel and sustainability.
ICRA Flags Margin Pressure Despite Steel Demand Growth

ICRA Flags Margin Pressure Despite Steel Demand Growth

India's steel demand to grow 8% in FY26, but ICRA flags margin pressure (12.5%) due to softer prices and surplus. Large capacity expansions (80-85 MT, $45-50B) risk leverage. Green steel targets 40% by FY50.
Open House on Steel Import to be Held by Ministry of Steel on 26th Dec

Open House on Steel Import to be Held by Ministry of Steel on 26th Dec

Ministry of Steel hosts an open house on Dec 26 (11 AM-5 PM) in New Delhi to discuss steel import issues. Companies must email tech-steel@nic.in by Dec 22, 6 PM, with details for a time slot. One representative per organization.
Vedanta Demerger: Unbroken Dividends Promised

Vedanta Demerger: Unbroken Dividends Promised

Vedanta plans a USD 20B expansion and demerger into five entities by March 2026, promising unbroken dividends. Chairman Anil Agarwal commits to shareholder payouts while scaling up oil & gas, aluminium, zinc, steel, and power businesses.

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