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Stainless Steel News Today

Latest Market News Of Stainless Steel

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JSW Steel crude output rises 15% to 22.93 lakh tonnes in May

JSW Steel crude output rises 15% to 22.93 lakh tonnes in May

JSW Steel's crude steel output rose 15% to 22.93 lakh tonnes in May 2026, driven by full-scale operations at Dolvi and JVML. Indian operations saw a 15% rise, while USA output increased 20%.
SAIL to prioritise value-added, special steel production, cost optimisation in 2026-27

SAIL to prioritise value-added, special steel production, cost optimisation in 2026-27

SAIL will prioritize value-added/special steel production, cost optimization, and customer engagement for FY27. FY26 saw 11.75% EBITDA growth, 50% PAT surge, and ₹8,148 crore debt reduction, reinforcing market position and profitability.
One year later, Trump’s 50% tariffs leave EU steel exports to the U.S. down by one-third

One year later, Trump’s 50% tariffs leave EU steel exports to the U.S. down by one-third

One year after Trump's 50% tariffs, EU steel exports to the U.S. plummeted by 34%, from 2.93 million tonnes to 1.94 million tonnes, over three quarters.
Indonesian anti-dumping verdict threatens China's PP exports

Indonesian anti-dumping verdict threatens China's PP exports

Indonesia recommended five-year anti-dumping duties on PP homopolymer imports from China, Saudi Arabia, and others, effective June 2, 2026. This threatens China's PP exports and causes market restructuring challenges.
Middle East turmoil shifts China's PP market from glut to deficit

Middle East turmoil shifts China's PP market from glut to deficit

Middle East conflict transforms China's PP market from oversupply to a 1.40 million tonnes deficit by 2026, marking the first shortfall in years due to disrupted feedstock supply and geopolitical tensions.
Turkey’s billet imports in Jan-Apr 2026 surge 53.9 percent as buyers shift toward Russian and Chinese origins

Turkey’s billet imports in Jan-Apr 2026 surge 53.9 percent as buyers shift toward Russian and Chinese origins

Turkey's billet imports surged 53.9% to 1.68 million mt in Jan-Apr 2026, valued at $825.29 million, driven by shifts to Russian and Chinese origins. April saw a 27.3% monthly dip, yet annual growth remained strong.
Evonith Steel Acquires 85 MW Power Plant

Evonith Steel Acquires 85 MW Power Plant

Evonith Steel acquired Indrajit Power's 85 MW coal-based plant in Wardha for Rs 232 crore via IBC. This strengthens energy security, supports expansion, and ensures uninterrupted operations for the steel manufacturer.
‘Green steel’ can help India avoid over Rs 100 lakh cr coal imports: Study

‘Green steel’ can help India avoid over Rs 100 lakh cr coal imports: Study

Green steel can save India over Rs 100 lakh crore in coal imports, cutting 19.5 gigatonnes CO2. While initially 5% costlier, green hydrogen steel will be cheaper than conventional steel by 2035, boosting resilience.
India: BigMint's coking coal index edges up w-o-w despite absence of active trade activities

India: BigMint's coking coal index edges up w-o-w despite absence of active trade activities

The coking coal index rose to $269/t CNF Paradip, up $1 w-o-w, driven by global cues despite slow Indian steel demand. Prices are expected to exceed $270/t CFR due to limited supply and rising freight ($24.8/t). Imported met coke also firmed to $313/t.
Evonith Steel acquires Indrajit Power in Maharashtra for ₹232 crore

Evonith Steel acquires Indrajit Power in Maharashtra for ₹232 crore

Evonith Steel acquired Indrajit Power Pvt Ltd (IPPL) for ₹232 crore through an insolvency process. This 85 MW thermal asset in Maharashtra will support Evonith's 1.4 million tonne plant, with NCLT approval on April 20.

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