Stainless Steel News Today

China's polycarbonate (PC) output reached a five-year high of approximately 2.85 million tonnes in Jan-Oct. This surge was driven by new unit startups and high capacity utilization rates, fueled by improved profits.

North China's polypropylene (PP) output reached a historical high of 862,000 tonnes in October 2025, continuing to set new records.

China's caustic soda capacity is projected to reach 50.38 million t/y in 2025, with production hitting 42.62 million tonnes. The industry maintains steady growth, estimating an 85% capacity utilization rate.

NHAI commenced a ₹44.64 crore bowstring steel ROB at Katpadi railway station, Vellore, on NH-75. Expected by September 2026, this 90.88m long, 12.5m wide bridge will ease traffic.

Mumbai's Metro Line 4 achieved a major milestone with a 52m steel span installed on the Andheri–JVLR Missing Link. This 12-girder structure, weighing over 46 tonnes each, will ease traffic, improve east-west connectivity, and cut travel to under 20 minutes.

September steel import permits totaled 1.65 million nt, down 12% from August. Finished steel imports were 1.248 million nt, down 11%. Year-to-date total imports reached 20.380 million nt, down 8.5% from 2024.

China's HRC output rose 5.3% to 187.496 million mt in Jan-Oct 2025, with CRC up 7.9% to 40.346 million mt. October HRC production hit 18.145 million mt, prices fluctuated RMB 3,360-3,465/mt.

US raw steel production for week 47, 2025, was 1.745 million net tons, down 0.7% from the prior week but up 8.3% year-over-year. Year-to-date production reached 78.973 million net tons, a 3.2% increase.

Iron ore futures climbed to a two-week high on Monday, driven by strong near-term demand and renewed hopes for stimulus from top consumer China, following recent weak economic data.

The structural steel market maintains a firm tone, with the secondary segment leading due to tight supply and strong demand for channels and angles. Primary mills remain cautiously optimistic, awaiting mid-November pricing cues. Stockists are actively replenishing inventories in the West and South, while trade liquidity has improved post-festive season across major hubs.