Stainless Steel News Today

Smaller Indian steelmakers responsible for 40% of crude production could cut electricity bills by up to 34% and reduce emissions by switching to joint renewable energy investments, a new report shows.

India aims to double steel capacity to 400Mt by 2035-36, but must address the challenge of low-grade, high-alumina domestic iron ore through beneficiation, pelletisation, and potential imports.

India's stainless steel market is witnessing steady momentum driven by robust industrial demand and major domestic investments. While 304-grade coil prices remain stable near ₹217–218/kg in Delhi, premium 316L grades hover around ₹395–400/kg, supported by a rebound in global LME nickel prices above $17,000/ton and tightening Indonesian ore quotas.

AM/NS India launched STRUCTROMAX and WELDSTAR, two advanced heavy steel plate brands produced at Hazira, Gujarat, designed to strengthen India's infrastructure, manufacturing, and heavy engineering sectors.

Global steel and raw material prices softened significantly in July 2026 as high summer temperatures, monsoon rains, and slowing industrial activity dampened procurement. While raw materials like coking coal and scrap hit multi-month lows, Hot-Rolled Coil (HRC) prices remained relatively resilient despite quiet export markets and persistent trade barriers.

India's steel sector is vital for its energy transition, aiming for 300 million tonnes of capacity by 2030. Driven by renewable infrastructure demand, India recently expanded capacity by 11.6 million tonnes.

AM/NS India launched STRUCTROMAX and WELDSTAR heavy plate solutions, featuring a 3-star Green Steel certification, to serve India's growing infrastructure, construction, and heavy engineering sectors.

Jindal Stainless partnered with MIT-WPU to launch a specialised course on stainless steel applications in tunnel engineering, equipping 25 students with practical industry knowledge over a three-year agreement.

China's PVC supply is tightening due to rising maintenance losses and falling inventories, though weak domestic and export demand will prevent a strong market rebound.

China's methanol prices moved lower during July 31-August 6, 2026, amid softer macroeconomic sentiment, weak downstream demand, and a loose supply-demand balance, despite cost-side support from elevated coal prices.