Mild Steel News Today

The Industrial Transition Accelerator selected 11 Indian projects representing over $18 billion in clean industry investments, targeting annual carbon abatement of 7.8 million tonnes across steel, fuel, and chemical sectors.

Global experts gathered in Odisha to promote coal gasification for national self-reliance, featuring over 25 speakers, financial support schemes, and visits to advanced steelmaking facilities to reduce chemical imports.

Smaller Indian steelmakers responsible for 40% of crude production could cut electricity bills by up to 34% and reduce emissions by switching to joint renewable energy investments, a new report shows.

India aims to double steel capacity to 400Mt by 2035-36, but must address the challenge of low-grade, high-alumina domestic iron ore through beneficiation, pelletisation, and potential imports.

Flyover and underpass construction works around Hyderabad’s KBR Park are progressing rapidly, with earth excavation underway at several locations. GHMC is developing structures at seven key junctions, while traffic police have announced a one-way system to manage traffic during construction.

The national target is to reach 300 million tonnes of steelmaking capacity by 2030

India's stainless steel market is witnessing steady momentum driven by robust industrial demand and major domestic investments. While 304-grade coil prices remain stable near ₹217–218/kg in Delhi, premium 316L grades hover around ₹395–400/kg, supported by a rebound in global LME nickel prices above $17,000/ton and tightening Indonesian ore quotas.

AM/NS India launched STRUCTROMAX and WELDSTAR, two advanced heavy steel plate brands produced at Hazira, Gujarat, designed to strengthen India's infrastructure, manufacturing, and heavy engineering sectors.

Global steel and raw material prices softened significantly in July 2026 as high summer temperatures, monsoon rains, and slowing industrial activity dampened procurement. While raw materials like coking coal and scrap hit multi-month lows, Hot-Rolled Coil (HRC) prices remained relatively resilient despite quiet export markets and persistent trade barriers.

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