Stainless Steel News Today

Anti-dumping duty on CRGO steel, 90% imported, could raise transformer costs and slow India's Rs 9.15 lakh crore power grid expansion. Domestic production is only 40,000-50,000 tonnes against 4,00,000-4,50,000 tonnes consumption.

DGTR probes anti-dumping on CRGO steel imports. India is 90% import-dependent for this power grid essential. Domestic output is 40-50k tonnes vs 400-450k tonnes annual need. Concerns rise over increased transformer costs and slowed grid expansion.

India will monitor steel imports for two months before new curbs, as May saw 0.7 million tonnes imported, making it a net importer. Chinese steel exports to India doubled in April, raising concerns despite existing tariffs.

Stainless steel prices in India remained under pressure during June 2026 as weak downstream demand, falling nickel prices, and rising imports weighed on market sentiment. While domestic mills and distributors continue focusing on cost recovery, buyers remain cautious. Increasing imports and uncertain raw material trends are expected to keep the market subdued.

IEEFA urges BHP to prioritize Direct Reduced Iron (DRI) over Carbon Capture (CCUS) for steel decarbonization, citing CCUS's high costs and low capture rates. The report highlights DRI as a leading solution, crucial for BHP's 378 million mt Scope 3 emissions.

Odisha cleared Rs 766.12 bn investment for 20 projects across diverse sectors like manufacturing, green energy, and steel. This move aims to create over 50,000 jobs and boost industrial growth.

Indian stainless steel MSMEs urge QCO reinstatement after imports surged 69% MoM to 101,252 MT in April 2026, threatening jobs and investments. Cheap Chinese imports followed the QCO suspension, pressuring domestic manufacturers.

BHP's steel decarbonization strategy, prioritizing CCUS and met coal, is criticized as ineffective, with Scope 3 emissions hitting 378 Mt by FY2025. A new CEO on July 1st could shift focus to DRI technology.

India will monitor steel imports for two months before deciding on further curbs, primarily from China. May saw 0.7 million metric tons imported, while 0.5 million metric tons were exported, raising concerns among domestic producers.

Mumbai's Sion Road Over Bridge upgrade achieved a milestone with a 500-tonne steel span installation. This supports adding fifth and sixth railway lines, enhancing rail capacity, and restoring vital road connectivity, improving urban mobility and infrastructure.