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Stainless Steel News Today

Latest Market News Of Stainless Steel

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China's PP output expected to rise 5.90% to 42.58 mln t in 2026

China's PP output expected to rise 5.90% to 42.58 mln t in 2026

China's polypropylene (PP) output is projected to increase by 5.90% to 42.58 million tons in 2026. Despite capacity expansion, growth will be moderate due to rising maintenance and no new units in the first half.
Iron Ore Concentrate Prices in the Tangshan Region May Remain in the Doldrums

Iron Ore Concentrate Prices in the Tangshan Region May Remain in the Doldrums

Tangshan's iron ore concentrate prices fell by 1-5 yuan/mt to 980-985 yuan/mt for 66% grade. Sluggish transactions and weak steel mill demand suggest continued doldrums for the market.
India Eyes Overseas Coking Coal To Strengthen Supply

India Eyes Overseas Coking Coal To Strengthen Supply

India plans a government-led mission to acquire overseas coking coal assets in Indonesia and Malaysia. This strategic move aims to secure raw material supply for its steel and construction sectors, reducing 95% import reliance and supporting infrastructure growth.
Indian steel prices witness sharp rally in Jan'26 on surging raw materials costs, policy support

Indian steel prices witness sharp rally in Jan'26 on surging raw materials costs, policy support

Indian steel prices surged in Jan'26: HRC up 10%, rebar 14%. Raw material costs, like coking coal (up 9%), and safeguard duty fueled the rally. Strong demand and inventory depletion supported further hikes.
NMDC Eyes Canadian Coal Reserves To Drive Steel Growth

NMDC Eyes Canadian Coal Reserves To Drive Steel Growth

NMDC is exploring Canadian coal reserves to secure metallurgical coal for India's steel sector expansion. This move aims to diversify raw material sources and reduce supply disruptions, though discussions are currently at an exploratory stage.
Rebar Futures Fluctuated Rangebound, Spot Cargo Trading Slowed Down – Shanghai Metals Market (SMM)

Rebar Futures Fluctuated Rangebound, Spot Cargo Trading Slowed Down – Shanghai Metals Market (SMM)

HRC futures dropped 0.34% to 3,265, while spot prices remained stable. HRC maintenance impact was 274,500 mt this week, with demand slowing due to holidays. Sheets & plates are expected to fluctuate rangebound.
Iron ore concentrate prices in west Liaoning may remain in the doldrums with fluctuations

Iron ore concentrate prices in west Liaoning may remain in the doldrums with fluctuations

Iron ore concentrate prices in west Liaoning are expected to remain low. In Shandong, 64-grade alkaline powder dropped 6 to 868. Steel mills lowered prices, while Hebei mills showed strong purchasing, completing stockpiling.
India-US Trade: Steel Sector Input Security Boost

India-US Trade: Steel Sector Input Security Boost

India-US collaboration boosts steel sector input security, focusing on coking coal. US supplies 15% (9.4M tonnes) of India's 85% imported coking coal, strengthening supply chains and reducing risk, despite unchanged US tariffs.
SAIL Raises TMT Bar Prices by ₹3,000/Ton Amid Tight Supply

SAIL Raises TMT Bar Prices by ₹3,000/Ton Amid Tight Supply

SAIL has increased TMT bar prices by ₹3,000/ton, effective February 2026, due to tight supply. Market expects continued volatility; buyers are advised to plan procurement early to mitigate costs and potential shortages.
Mumbai Lokhandwala Road Risks Rise Amid Metro Works

Mumbai Lokhandwala Road Risks Rise Amid Metro Works

Mumbai's Lokhandwala residents face rising accident risks due to Metro construction. Steel girders stored on a key road since 2023 narrow lanes, degrade walkability, and damage surfaces, prompting safety concerns and calls for better governance.

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