Stainless Steel News Today

India’s stainless steel market shows mixed trends across series. While 300 series demand is soft, 200 and 400 series remain strong due to limited imports and rising application. Scrap buying remains active. ISSDA reports 8% annual growth in consumption, projecting long-term strength led by green energy and infrastructure sectors.

China's oxalic acid market is strengthening due to revived construction equipment demand. Excavator sales are up 23% year-over-year, boosting demand for rust removal chemicals amid tight supply from coal-based production limits.

Bajel Projects will invest ₹1.7B to double its galvanizing capacity at its Ranjangaon facility to 100,000 MTPA by Q4 2027. The investment also includes enhancing transmission tower production.

Monolithisch India expands capacity to 156,000 TPA by July 2025, targeting 250,000 TPA by December 2025 and 574,000 TPA long-term. This expansion caters to rising steel and infrastructure sector demand.

U.S. raw steel production rose slightly to 1.783 million net tons for the week ending July 12, 2025, a 0.1% increase from the prior week and a 5.1% jump compared to the same period in 2024.

Iron ore futures saw a slight increase due to positive China trade data, but gains were held back by production restrictions in key steelmaking areas.

Pig iron output impacted by maintenance is projected at 1.1805 million mt next week, up 52,900 mt. Construction materials impact is 1.2166 million mt, down 51,200 mt. Hot-rolled products impact will be 112,700 mt, up 53,200 mt.

Telangana promotes eco-friendly high-rise buildings using composite and steel, aiming for a zero net carbon footprint. The construction sector, growing at 11.97%, added ₹80,000 crore to the state's economy.

Adani Ports built the world's first 1.1 km steel slag road at Hazira port using industrial by-product, boosting green logistics and circular economy.

Amid trade tensions and regulatory pressures, about 40 major South Korean companies are exiting China. POSCO sold its subsidiary for $290 million, and Hyundai is selling its factories.