Mild Steel News Today

India’s stainless steel market remained rangebound in the week ended 25 September, with 304 scrap prices unchanged while 316 scrap gained on tighter availability. Importers continue to face PSIC-related processing constraints and additional costs, while the six-month extension of the anti-dumping investigation on stainless steel cold-rolled flats from China, Indonesia and Vietnam adds uncertainty to import planning.

India's push to double coking coal output by 2030 to meet steel demand risks surging methane emissions. Targeted mitigation, mine-level planning, and capturing methane can cost-effectively curb emissions and support decarbonisation.

India's port coal stocks fell to 18.35 mnt during September 20-26, 2026, driven by a 12.4% decrease in coking coal inventories at steel-linked ports, while non-coking coal stocks rose by 3.0%.

Essar Group will invest $15 billion to build America's largest steel plant in Iowa, targeting 2030 production and 1,750 permanent jobs, alongside a new $2.5 billion iron mine in Minnesota.

Domestic sponge iron prices surged by INR 1,100-1,300/t on 28 September 2026, driven by higher non-coking coal costs from the SECL auction and improved finished steel sentiment, despite cautious buyer activity.

NHAI tightened highway safety standards by mandating strict specifications for metal beam crash barriers, including thickness, steel grades, and galvanisation requirements for all future and ongoing infrastructure projects.

India’s steel market remained firm on 25 September, with the composite index rising 0.1% WoW for the 10th consecutive week, although the pace of gains slowed. Flat steel continued to strengthen on mill price hikes, while long steel saw divergence between firm BF-route rebar and weaker IF-route markets.

India's HRC retail prices rose 10% in three months, matching import prices. However, muted regional gains pose downside risks to trade prices and steel stocks over the next 2-3 months.

The first 100-metre steel bridge weighing 1,405 MT has been launched for the Mumbai-Ahmedabad bullet train project in Maharashtra, marking a major milestone for India's high-speed rail infrastructure.

NMDC commissioned a Rs 5,427-crore integrated project featuring a 135-km slurry pipeline, processing plant, and pellet plant in Chhattisgarh to link its mines and steel facility.