Stainless Steel News Today

Ministry of Steel will hold an Open House on April 27 to address steel import issues like SIMS and QCO exemptions. India's steel output grew 10.7% to 168.4 million tonnes in FY26, becoming a net exporter despite challenges.

Rathi Steel gained GreenPro certification for its sustainable TMT rebars, enabling green building credits. RSPL reported FY25 revenue of Rs 5.0543 bn and FY26 revenue exceeding Rs 7.15 bn, showcasing growth and environmental commitment.

JSW Steel earned its 8th Worldsteel Sustainability Champion title. With 35.9 mn tonnes capacity, expanding to 43.4 mn, it targets 42% CO2 reduction by 2030 and net zero by 2050, showcasing responsible production.

Evonith Steel raised ₹2,000 crore: ₹1,750 crore for debt reduction and ₹250 crore for project completion and expansion. This includes a 0.3 MTPA DI pipe project and increasing steel capacity to 0.6 MTPA.

China's BDO exports surged 159.94% in Q1, reaching 80,000 tonnes, driven by the upcoming VAT rebate removal on April 1, 2026. This reduced inventory and boosted prices.

China's butadiene prices plunged 20.34% (late March-April) due to weak demand, easing downstream costs. PBR losses narrowed by Yuan 1,751/t, with production profits slowly recovering, expected to alleviate weak demand.

India’s TMT market remains firm following a recent price correction, supported by strong infrastructure demand and tight supply conditions. While prices are expected to remain stable within a defined range, volatility may persist due to rising coking coal costs, global trade shifts, and potential import pressure. The market continues to balance strong fundamentals with evolving geopolitical and policy-driven risks.

Korea and India signed 20 MOUs in steel, shipbuilding, and digital services during President Lee Jae Myung's state visit, fostering new partnerships and collaborations between the two nations.

China's May methanol imports may hit a decade low, falling below 400,000 tonnes. Inventories could drop to 800,000 tonnes by late April due to tight supply and strong exports, despite squeezed downstream margins.

Middle East conflicts created an unexpected export window for China's PP, boosting exports by 30.33% in Jan-Feb. This relieved domestic oversupply as other Asian producers idled capacity due to surging feedstock costs.