Mild Steel News Today

Iron ore futures dipped due to increased shipments from Brazil and concerns about steel demand.

SAIL-Bhilai Steel Plant auctioned 1,497 tonnes of crude coal tar at a weighted average bid of INR 38,604/t, higher than the previous INR 36,000-37,000/t range.

Indian steel prices are under pressure due to weaker raw material imports, though domestic production is shifting geographically. While import volumes are declining, cumulative figures remain high, suggesting continued reliance on overseas supply. Domestic production is down overall, but gains in secondary hubs are offsetting drops in key states like Odisha.

Chennai's first steel flyover, a ₹131-crore, 1.2 km project connecting South Usman Road and CIT Nagar, opens October 1st. It aims to decongest Panagal Park and improve traffic flow.

China's PVC glove exports declined by 5.22 million cases in the first seven months of 2025, reflecting post-pandemic demand shifts and changing trade dynamics.

Due to rapid capacity expansion, Chinese PP producers are increasingly focusing on exports to avoid domestic price competition. Global PP capacity reached 119.39 million tonnes/year in 2024.

SAIL provided 15,000 metric tons of steel, including 10,000 metric tons of R-260 Prime rails, for the 51-km Bairabi-Sairang railway project in Mizoram, inaugurated on September 13, 2025.

SAIL plans to increase its crude steel production capacity from 19 million tonnes to 35 million tonnes by 2030-31, focusing on green initiatives and diversification.

Urban Co, Shringar, and DevX debut on stock market. Jindal Steel bids for thyssenkrupp Steel Europe. Coal India wins REE exploration block. Dr Reddy's launches PCAB.

Iron ore futures rebounded due to increased steel production in China, despite weak housing data. Steel benchmarks also rose, reflecting improved market sentiment.