Stainless Steel News Today

Iron ore futures ended higher on Thursday, supported by a softer dollar. However, gains were limited by falling China lump ore premiums, signalling weak demand for the steelmaking material.

India's steel sector, 12% of emissions, targets 300Mt capacity by 2030. Public capital and financial mechanisms are vital for green steel development, enabling a leapfrog from 2.6 tonnes CO2/tonne steel to sustainable pathways.

SSTL secured environmental approval for a greenfield steel mill in Chhattisgarh. It includes a 700,000 mt/year sponge iron, 1.2 million mt pellet, 1.05 million mt EAF, 10,000 mt steel tube, and an 85 MW power plant.

Indian Railways will unveil a new freight policy for the steel sector, mirroring the cement industry's cost-efficient model. This aims to reduce transportation costs, streamline supply chains, and boost competitiveness for steelmakers, with stakeholder inputs incorporated.

RINL seeks bids for a conversion agent in Rourkela, Odisha, to process 6,000 mt/year of billets into flat steel products. Bidders need own mills and 10,000 mt/year capacity to enhance production efficiency and ensure consistent supply.

Brazil launched an anti-dumping investigation on seamless carbon steel pipes (NCM 7304.19.00) from Malaysia, India, and Thailand on Nov 14, 2025. The probe covers pipes 5-14 inches, with dumping (2024) and injury (2020-2024).

IIT Guwahati researchers developed an advanced epoxy coating combining reduced graphene oxide, zinc oxide, and polyaniline. This novel nanocomposite offers enhanced corrosion resistance for steel in harsh marine environments, improving the longevity of critical infrastructure.

Iron ore futures rose slightly on Wednesday, driven by increased China demand. However, gains were capped by rising global supply and a decrease in steel production.

Stainless steel prices across 200, 300, and 400 series remain mixed, with market sentiment varying by grade. While 300 series demand has softened, 200 and 400 series are performing stronger due to limited imports and improving consumption. Scrap purchase rates remain firm, and shifts in China–India trade flow continue to influence domestic pricing and supply trends.

TMT/rebar prices remain stable across major regions as demand stays soft and distributors manage inventories cautiously. Mills are aligning production with market sentiment, preventing oversupply. Policy reviews, new mill developments, shifting import–export trends, and regulatory updates are shaping the near-term outlook. A stronger recovery is expected as construction and infrastructure activity picks up.