Mild Steel News Today

Russia's coking coal exports to India surged to 1.22 million tons in January 2026, up 58% month-on-month, making it the second-largest supplier. Total Indian imports hit 5.9 million tons, with prices rising to $250/t amid supply disruptions.

India plans to boost U.S. oil and coal imports, including coking coal for steel, with imports up 9.6% to 62.6 million tons. U.S. coking coal share rose from 7.3% to 15%, aiding trade deal progress.

India's Steel Secretary stressed AI and automation for steel sector competitiveness. Capacity targets 300 MT by 2030-31, 400 MT by 2035-36, with consumption doubling to 152 MT by 2024-25, driven by infrastructure growth.

Over 10 Indian steel companies plan to raise ₹5,000-7,000 crore via IPOs in 8-10 months, driven by surging demand from infrastructure, renewables, and auto sectors. Funds will fuel capacity expansion and strengthen balance sheets.

Global green steel investments slowed in 2025, new projects dropping from 15 (2021) to 2. EU projects declined due to high energy costs. India and China are ramping up pilots, with JSW Steel, SAIL, Tata Steel, and ArcelorMittal India advancing.

India targets 300 MT steel by 2030, but high emissions (2.6 tons CO2/ton) risk global competitiveness due to CBAM. Decarbonization via scrap, hydrogen, and renewables is vital for survival and growth in a carbon-centric trade regime.

Stainless steel prices firmed following mill hikes and rising nickel costs. The 300 series remains supported, while 200 series demand strengthens due to limited imports. The 400 series shows gradual improvement. Availability constraints persist in select sizes, and overall sentiment stays positive with expectations of further price increases in coming weeks.

U.S. Energy Secretary Chris Wright warns EU's carbon border tariff, currently on goods like steel and cement, could deter U.S. natural gas exports to Europe due to perceived risks, despite not yet applying to gas.

Structural steel channels remain firm as improved February bookings and controlled mill dispatches support prices. Secondary markets show selective tightness in small sections while infrastructure and fabrication demand stay healthy. Domestic consumption continues to lead the market, with buyers advised staggered or advance booking amid an emerging upward price bias.

BHEL secured a Rs 1200-1500 Cr turnkey order from SAIL for a Captive Power Plant at IISCO Steel Plant, Burnpur. The project, part of a steel expansion, is to be commissioned in 39 months, strengthening BHEL's order book.