Mild Steel News Today

Iran's supply gap and freight issues are expected to support Asian steel prices in Q2. A report analyzes trends in iron ore, coal, copper, alumina, cobalt, lithium, nickel, and steel.

The Mild Steel market witnessed a broad-based softening this week, with the category average price declining <strong>1.09% week-on-week</strong> to ₹51,056/MT, led by sharp corrections in MS Billets (-2.61%) and Sponge Pellets (-3.05%). Input material weakness — particularly in sponge pellets and billets — signals continued margin pressure across the steel value chain, even as structural products like Angle, Round Bar, Beam, and Channel held firm with zero week-on-week movement. On a month-on-month basis, the category remains up <strong>1.85%</strong>, suggesting the near-term correction is more of a consolidation than a reversal of the March uptick.

Telangana CM urged Centre to establish a Green Steel Plant in Bayyaram, an EV battery hub, and a modern equipment park, aiming for industrial growth and a pollution-free Hyderabad.

China's steel sector will tackle 'involution-style' competition through strict crude steel output controls and new capacity governance. Efforts aim for better supply-demand balance via government, industry, and enterprise coordination.

A ₹10,000 crore steel investment near Nagpur signals an economic shift, boosting employment and industry. However, it raises concerns about environmental impact, pollution, and the urgent need for sustainable urban planning and infrastructure upgrades in the region.

Minister Mahesh Poyyamozhi faces a stiff Tiruverumbur re-election challenge. Voter discontent over delayed highway service lanes, steel unit recession, and the Ariyamangalam dump issue overshadows his constituency projects.

China's phenol-acetone capacity fell to 77.30% by April 15 due to plant maintenance, tightening supply. Low port inventory of 33,000 tonnes supports prices, with market direction hinging on imported cargo arrivals.

China's ammonium chloride capacity, over 6.90 million tonnes, faces pre-May maintenance, tightening supply. Prices rebounded post-Spring Festival, rising 32.78% (Yuan 165.90/tonne) by mid-April due to demand and global fertilizer prices.

China's propylene operating rate is expected to drop to 65% in April due to Middle East conflict. The composite rate fell to 66.97% by April 15, a 6.70 percentage point decline from pre-conflict levels.

Dalian iron ore was little changed Friday at 776 yuan, up 3% weekly. Supply concerns from Australia and strong Vale sales balanced China's steel production curbs in Hebei, impacting demand. Steel benchmarks gained.