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Stainless Steel News Today

Latest Market News Of Stainless Steel

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Rupee slide boosts steel export margins: Can India capture global market share?

Rupee slide boosts steel export margins: Can India capture global market share?

Rupee's slide past 90/USD boosts Indian steel export margins. India, 2nd largest crude steel producer, aims to double its 9.7 MT exports and reduce 9.5 MT imports to capture global market share.
Crude steel production in Odisha rises 18.8% in April-Oct quarter over 2024: Min

Crude steel production in Odisha rises 18.8% in April-Oct quarter over 2024: Min

Odisha's crude steel production rose 18.8% to 18.07 million tonnes from April-Oct 2025. The government is implementing various measures for green steel production and sustainability, aiming for net-zero by 2070.
India: BigMint coking coal index jumps by $11 w-o-w as global prices climb to over 1-year high

India: BigMint coking coal index jumps by $11 w-o-w as global prices climb to over 1-year high

India's coking coal index rose $11 w-o-w to $238/t CNF Paradip on Dec 19, reaching a 1-year high. Australian prices hit $217 FoB. Indian mills booked Jan'26 cargoes, while HRC/CRC prices increased by INR 750-1,000/t.
Blast furnace decarbonisation remains key focus of global steel industry transition

Blast furnace decarbonisation remains key focus of global steel industry transition

Global steel's 2023 GHG footprint was 4.43 GtCO2e (8.2% of total), with BF-BOF contributing 88%. China and India lead emissions. India focuses on BF efficiency, biofuels, H2, and CCUS for decarbonisation.
TG govt to seek more funds in Union Budget

TG govt to seek more funds in Union Budget

Telangana government seeks more funds and new projects in Union Budget 2026-27. Key demands: GST compensation, metro expansion, Bayyaram steel plant, irrigation funds, IIM, and relief for 40% state share in rural employment scheme.
Iron ore set for weekly gain on bets of China holiday restocking

Iron ore set for weekly gain on bets of China holiday restocking

Iron ore futures are set for a weekly gain, driven by anticipated restocking from Chinese steelmakers ahead of the Lunar New Year holiday in February. Prices traded in a tight range Friday but ended higher.
Indonesia seeks India's partnership to reduce stainless steel reliance on China

Indonesia seeks India's partnership to reduce stainless steel reliance on China

Indonesia's APNI seeks India partnership to diversify stainless steel exports, aiming to redirect 30-40% from China's 90% share. This move mitigates over-dependence and addresses mineral valuation concerns for balanced trade.
MOC: Average rebar price in China down 0.5 percent in Dec 8-14, 2025

MOC: Average rebar price in China down 0.5 percent in Dec 8-14, 2025

China's MOC reported average finished steel prices decreased from Dec 8-14. Rebar fell 0.5%, wire rod 0.4%, and hot rolled strip 0.3%. Coking coal dropped 0.7%, thermal coal 0.3%, and lump coal 0.2% week-on-week.
China’s steel bar exports increase by 44 percent in January-November, 2025

China’s steel bar exports increase by 44 percent in January-November, 2025

China's Jan-Nov steel bar exports surged 44% to 17.26 million mt. Wire rod exports rose 12.7% to 2.68 million mt, and angles/channels increased 34.4% to 7.16 million mt, reflecting strong growth in the steel sector.
China's steel export licences are set to curb trade frictions

China's steel export licences are set to curb trade frictions

China will implement a steel export licence system from 2026 for 300 products to monitor shipments and curb trade frictions. Exports rose 6.7% to 107.72 million tons in 11 months, but value fell 2.1%.

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