Stainless Steel News Today

China's PE output is expected to plunge by 11.95% (350,700 tonnes) to 2.585 million tonnes in April due to higher costs and maintenance, marking the first significant drop since early 2026.

China's butadiene prices are expected to ease from highs due to weak demand. April saw a 57,400-tonne supply surplus, a 65.42% MoM rise, as limited supply cuts fail to offset sluggish demand.

India's construction costs are surging due to global tensions, impacting project timelines and housing affordability. Rising prices for steel, cement, and fuel are causing delays and financial strain across public and private projects nationwide.

Rising West Asia tensions are driving up Tamil Nadu's construction costs. Property prices increased by 5%, with cement up to Rs 400/bag and steel to Rs 80,000/tonne. Overall costs may surge 5-10%, impacting projects and consumer budgets.

Enlight Metals started producing solar mounting structures using Galvalume steel (AZ150, AZ180, AZ200) with >550 MPa yield strength for 25+ year utility-scale projects via contract manufacturing, planning product expansion.

The Indian stainless steel market entered the week of April 6–12, 2026 in a state of firm stability, with both SS Cold Rolled Coils and SS Hot Rolled Coils recording zero week-on-week and month-on-month price movement. SS Cold Rolled Coils held at ₹1,73,000/MT while SS Hot Rolled Coils remained anchored at ₹3,48,000/MT, reflecting a well-balanced demand-supply equation supported by healthy domestic inventory and steady mill output. Procurement managers can expect range-bound prices in the near term, with the primary risk factor being ongoing nickel price volatility on global commodity exchanges.

India's steel exports surged in FY26, driven by trade policies, a weaker rupee, and global demand. This strengthens its global market position, balancing domestic needs with sustainability and navigating global risks.

India needs $20-25 billion investment in iron ore production to achieve its 400 million tonnes steel capacity target over the next decade. This is crucial for infrastructure growth, addressing supply chain gaps, and preventing price volatility.

India's steel producers will hike hot rolled coil prices by up to ₹3,500/tonne due to rising raw material costs and global trends. This will increase construction and infrastructure project costs, despite strong demand.

BSL partners with Forbes Marshall to launch hydrogen gas injection tech in blast furnace-1, a pilot under National Green Hydrogen Mission. This aims to cut carbon emissions in steel manufacturing, aligning with India's 2070 net-zero goal.