Stainless Steel News Today

Indian steelmakers maintain strong credit profiles, driven by robust domestic demand, firmer pricing, and protective trade measures that reduce import pressure and support EBITDA growth despite high capital expenditure.

India’s HRC-rebar price spread narrowed sharply in August as rebar prices rose faster than HRC amid maintenance-led supply constraints and stronger bookings. With rebar availability expected to remain tight and construction demand likely to improve, the spread could narrow further in September.

India's vast coal reserves can drive growth beyond power through gasification, supported by a 37,500 crore rupee scheme aiming to gasify 100 million tonnes by 2030, reducing imports and boosting steel and chemicals.

GPT Infraprojects emerged as the lowest bidder for a Rail Vikas Nigam bridge construction project over the Mahanadi river, valued at Rs. 483.7 crore including GST.

Between August 21 and 27, China's methanol chain prices increased broadly due to bullish sentiment and a gradual recovery in downstream sectors, boosting overall product values.

TMT steel prices in India continued to strengthen as tight scrap availability, higher input costs and firm primary steel offers supported the market. Strong demand and limited mill supply are keeping prices elevated, while rising raw-material costs are likely to sustain positive momentum near term.

China's coal mining consolidation, closing small mines and opening modern ones to boost safety and efficiency, may cause global coking coal price volatility as markets adjust.

Garden Reach Shipbuilders and Engineers developed a modular steel foot suspension bridge spanning up to 400 feet, designed for remote connectivity, disaster response, and deployment in under 30 days without piers.

Indian HRC markets face cost pressures from rising coking-coal prices, but weak export acceptance limits price pass-through, despite positive domestic manufacturing and automotive demand.

India's premium hard coking coal index surged $15 to $280 per tonne, hitting a record high amid tight Chinese supplies and dropping Russian output, pushing domestic steel prices up.