Stainless Steel News Today

Maharashtra-based induction furnace rebar mills have revised diameter differentials by ₹500/tonne, signalling a change in the price gap between rebar sizes. The adjustment matters for construction contractors and steel distributors because the final TMT bar price depends not only on the base rate, but also on diameter, grade, taxes, loading and freight. The linked BigMint article confirms the revision, but its full details are subscription-restricted, so the direction and affected diameters cannot be independently verified.

Jindal Steel aims to more than double its coal gasification capacity to 11 million tonnes by 2030, boosting industrial value addition, reducing forex outflow, and supporting India's energy self-reliance.

India’s mild steel (MS) structural steel market remains volatile, with frequent price revisions across billets, beams, channels, angles and wire rods. Nexizo’s latest displayed rates show MS billets at ₹47,100/MT in Mandi Gobindgarh and structural sections around ₹51,200–51,900/MT, while cautious purchasing and raw-material movements continue to shape the near-term outlook.

India’s stainless steel market remains firm, with 300-series prices elevated amid global market uncertainty, currency pressure and Middle East geopolitical risks. Demand for 200-series grades is improving due to limited imported material availability, while 400-series products are also seeing stronger interest. Near-term prices are expected to remain elevated, although cheaper Chinese material could limit gains in the 200 series.

Linde doubled its on-site industrial gas capacity at Tata Steel's Kalinganagar complex, supporting the facility's production expansion from three million to eight million tonnes annually with increased oxygen, nitrogen, and argon supplies.

Tenova is advancing its 2025 contract to supply three specialized processing lines for JSW JFE's electrical steel plant in India, supporting domestic production for power transformers.

In August 2026, US heavy structural beam exports rose 22.9 percent month-on-month to 18,259 metric tons valued at $31.1 million, with Canada remaining the largest destination.

Prohibitory orders were imposed at a major steel plant following job protests by displaced persons. The blockade halted operations, causing a daily loss of Rs 30 crore.

Bhilai Steel Plant administration dismissed privatisation reports as false and misleading following political protests, urging stakeholders to rely only on official communications.

China's methanol market faces downside risks due to rising November non-Iranian imports, weaker olefin demand, and potential coastal plant shutdowns, signaling upcoming inventory builds and falling spot prices.