Mild Steel News Today

Iron ore futures rose as China pledged new stimulus policies to boost domestic consumption. This move lifted market sentiment, impacting global commodity prices.

The India steel index posted a marginal week-on-week increase as domestic prices showed signs of moderation following a recent sharp surge. Trade-level hot-rolled coil (HRC) prices recorded a strong week-on-week rise, supported by positive policy developments. Blast furnace (BF) rebar prices continued to gain momentum, while induction furnace (IF) rebar prices softened slightly. Overall steel prices remained in positive territory, driven by ongoing inventory drawdowns across the market.

Piyush Goyal suggests concessions for precast & steel construction to reduce dust pollution in Mumbai. Incentives discussed with CM.

Indian Railways is testing galvanized steel rails in coastal regions to combat corrosion, aiming to extend track life and save on renewal costs.

Indian Railways approved the use of galvanised steel rails to combat severe corrosion challenges in humid coastal zones,...

Indian Railways plans to test galvanized steel rails to combat corrosion, extending track life from 3 to over 12 years, potentially saving ₹20,000 crore annually. Though 10% costlier, lifecycle costs are expected to be lower, with 1 lakh tons planned.

Speculation about SAIL Chairman Amarendu Prakash moving to the private sector is making waves, but India’s steel industry remains strong. Leadership transitions may happen, yet the sector’s talent pool and institutional strength ensure uninterrupted growth.

New Delhi: Steel and steel-linked companies are gearing up to mobilise around Rs 4,000 crore through IPOs over the next 12-18 months, buoyed by the government's decision to impose a three-year...

Vedanta received NCLT approval on Jan 9, 2026, for its demerger scheme, restructuring businesses like power, aluminium, and steel into separate entities. TSPL will take over merchant power. Secured creditors approved 100%, unsecured 99.99%.

EU's carbon tax starts Jan 1, hurting Indian steel/aluminium exporters. Prices may drop 15-22%. Exports to EU fell 24.4% ($7.71B to $5.82B). Strict emissions data and verification are mandatory from 2026.