Stainless Steel News Today

India aims to boost its steel production capacity to 300 million tons by 2030, reducing import reliance and bolstering domestic industry, according to Steel Secretary Sandeep Poundrik.

Structure steel prices increased sharply in the primary market due to strong demand and input cost pressure. Mills in Durgapur, Vizag, and Chennai led the hike, with lead times now stretching beyond 4 weeks. Secondary prices remained steady with moderate increases.

Chhattisgarh seeks investments in textile and steel sectors at Mumbai events on April 23-24, showcasing its industrial policy and infrastructure.

Green hydrogen offers a transformative path to decarbonize India's steel sector, aiming for 13% green steel output by 2050 and requiring $300 billion investment by 2070.

A 400-tonne, 65-meter steel girder was installed over Diva railway tracks for Mumbai's Metro Line 5, connecting Mankoli and Durgadi Naka. This line aims to carry 200,000+ passengers daily.

Tata Steel is investing \u00a31.2 billion to upgrade its Port Talbot steel plant, including a new pickling line with 1.8 million metric ton annual capacity and two electric arc furnaces.

Primary TMT prices are holding firm across major regions despite a noticeable drop in demand. Distributors have raised rates amid limited material availability, especially with SAIL’s DSP unit under maintenance. Inquiry volumes have dropped significantly from March levels, signalling a potential downward correction in prices.

AMNS India targets 70% green steel production by FY2026-27, aligning with India's new Green Steel Taxonomy. Their CO2 emissions are already 14% below the national average.

Gallantt Ispat plans ₹1,015 crore capex by FY26 to boost capacity. Steel billets, rolling mill, sponge iron, and pellet production will increase, along with a 100 MW captive solar plant.

JSW Steel Italy receives a €33 million grant from the Italian government to modernize its Piombino rail mill, doubling capacity from 0.32 to 0.6 MTPA and extending rail length to 120 meters.