Mild Steel News Today

Jindal Stainless (JSL) has announced a fresh price revision effective 13 May 2026 across its 300 series stainless steel grades and finishes. The revised price adjustments are as follows: * 304/304L (CR Finish) increased by ₹3/kg * 304/304L (HR Finish) increased by ₹4/kg * 316/316L (CR & HR Finish) increased by ₹10/kg The latest revision reflects strengthening market sentiment in the stainless steel segment, particularly for higher nickel-bearing grades.

The Indian steel pipe market is experiencing robust momentum as government-led water infrastructure projects (Jal Jeevan Mission) accelerate ahead of the monsoon. While MS ERW and GI pipes are seeing price stability due to steady HRC and Zinc inputs, DI pipes remain in high demand with significant supply lead times. Overall, the market shows a healthy balance of industrial offtake and municipal procurement.

The Indian flat steel market is demonstrating resilient stability this week. While Hot Rolled Coil (HRC) prices remain anchored by strong domestic automotive demand, secondary products like MS Flats are seeing a slight uptick due to pre-monsoon construction activity. Supply remains robust across major integrated mills, though rising coking coal costs are beginning to squeeze production margins, signaling a potential price floor for the coming weeks.

India faces a scrap shortage, meeting only 25% of steel demand via scrap-based production. This, coupled with deteriorating iron ore quality, challenges green steel efforts and decarbonization. Crude steel production is 168-169 million tonnes, growing 8-9% annually.

Shivam Pipes secured Rs 90.8 mn orders for galvanized steel tubular electric poles for North Eastern state electricity boards under RDSS. With 36,000 t/annum capacity, delivery is set for 1-4 months, enhancing its market position and future prospects.

Brazilian steel market participants anticipate an 8.36 point increase in steel prices, reaching 65.62 points in May, according to a market sentiment survey.

Iron ore futures in China eased to CNY 815 after hitting a 15-month high of CNY 823 on May 11th. Higher inventories temporarily offset strong steelmaker demand.

Bokaro Steel Plant deployed 45 EV cars for CGMs, planning more EVs and buses for greener operations. Other steel firms like ESL Steel (one-third LMV fleet electrified) and BMW Industries are also adopting electric vehicles for decarbonization.

The steel industry faces a coal lock-in crisis, threatening net-zero targets. India drives 42% of new capacity, 93% coal-based. Globally, 178 mtpa net gain in blast furnace capacity is projected, contradicting decarbonization efforts.

KD Green Industries' subsidiary, Shivam Pipes, secured ₹9.08 Cr orders under the RDSS scheme to supply galvanized steel tubular electric poles in North Eastern states. This strengthens its power infrastructure market position and provides revenue visibility.