Mild Steel News Today

India’s HRC-rebar price spread narrowed sharply in August as rebar prices rose faster than HRC amid maintenance-led supply constraints and stronger bookings. With rebar availability expected to remain tight and construction demand likely to improve, the spread could narrow further in September.

GPT Infraprojects emerged as the lowest bidder for a Rail Vikas Nigam bridge construction project over the Mahanadi river, valued at Rs. 483.7 crore including GST.

Between August 21 and 27, China's methanol chain prices increased broadly due to bullish sentiment and a gradual recovery in downstream sectors, boosting overall product values.

TMT steel prices in India continued to strengthen as tight scrap availability, higher input costs and firm primary steel offers supported the market. Strong demand and limited mill supply are keeping prices elevated, while rising raw-material costs are likely to sustain positive momentum near term.

China's coal mining consolidation, closing small mines and opening modern ones to boost safety and efficiency, may cause global coking coal price volatility as markets adjust.

Garden Reach Shipbuilders and Engineers developed a modular steel foot suspension bridge spanning up to 400 feet, designed for remote connectivity, disaster response, and deployment in under 30 days without piers.

Indian HRC markets face cost pressures from rising coking-coal prices, but weak export acceptance limits price pass-through, despite positive domestic manufacturing and automotive demand.

India's premium hard coking coal index surged $15 to $280 per tonne, hitting a record high amid tight Chinese supplies and dropping Russian output, pushing domestic steel prices up.

Global steel markets showed divergent July trends. US prices strengthened, China softened, and Europe stayed flat. India's flat steel remained resilient while long steel bottomed out mid-month.

BMW Ventures has secured two purchase orders totaling Rs 249.83 million from Lata Projects for supplying TMT steel to the USCTPP Adani project, to be executed within eight weeks.