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Stainless Steel News Today

Latest Market News Of Stainless Steel

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Berry Alloys gets 93 acres in Andhra Pradesh steel complex

Berry Alloys gets 93 acres in Andhra Pradesh steel complex

Berry Alloys secured 93 acres in Andhra Pradesh for a Rs 1,200-crore integrated manganese and steel complex. This project will create 813 jobs, producing 0.5 MT manganese sinter, 330,000 tonnes DRI, and 60,000 tonnes carbon paste, boosting the state's metals sector.
BIR: Global scrap market remains volatile as Turkish demand weakens

BIR: Global scrap market remains volatile as Turkish demand weakens

Global scrap market remains volatile as Turkish demand weakens, impacting European exports. India's scrap imports dropped 46% to 1.240 million mt in Q1 2026, favoring iron ore due to weak demand and narrow margins.
Elevated coal costs seen capping Q1 margin recovery for steel firms

Elevated coal costs seen capping Q1 margin recovery for steel firms

Steel firms anticipate weaker Q1 margin recovery despite higher prices. Elevated coking coal, freight, and operating costs are offsetting benefits, capping expected gains for the sector.
Average prices for oil and gas OCTG pipes in the US stabilised at $2,563/t in June

Average prices for oil and gas OCTG pipes in the US stabilised at $2,563/t in June

US oil and gas OCTG pipe prices stabilized at $2,563/t in June after a $289/t jump. US drilling rigs increased to 573, with US Steel investing $475 million in pipe capacity. Turkish welded pipe prices saw a slight rise.
Weekly round-up: Weak steel demand kept coal markets under sustained pressure this week

Weekly round-up: Weak steel demand kept coal markets under sustained pressure this week

Weak steel demand pressured coal markets, causing imported thermal coal, PHCC, and some met coke prices to decline. Indonesian 5,000 GAR fell INR 400/t, South African RB3 dropped INR 550/t. Petcoke became competitive, while domestic coal remained stable.
China to face additional 3.80 mln t/y PP capacity in H2

China to face additional 3.80 mln t/y PP capacity in H2

China's PP market faces significant oversupply in H2 with 3.80 million t/y new capacity coming online. This, combined with unit restarts and seasonal demand lull, will exacerbate risks.
Taiwan’s iron and steel export value down 8.1 percent in Jan-Jun 2026

Taiwan’s iron and steel export value down 8.1 percent in Jan-Jun 2026

Taiwan's iron and steel exports decreased 8.1% to $6.91 billion in Jan-Jun. June exports were down 11.1% to $1.06 billion. Imports in June rose 22.2% to $1.15 billion.
Iron ore range-bound as concerns over potential supply disruption counter weakening demand

Iron ore range-bound as concerns over potential supply disruption counter weakening demand

Iron ore prices were range-bound as potential BHP strike threats countered weakening demand in China, where daily crude steel output fell 3.6% to 2.66 million tons, curbing gains despite supply worries.
Japan imposes 4-month provisional AD duties on nickel-based cold-rolled stainless steel from Taiwan and China

Japan imposes 4-month provisional AD duties on nickel-based cold-rolled stainless steel from Taiwan and China

Japan imposed 4-month provisional AD duties (3.6%-42.1%) on nickel-based cold-rolled stainless steel from Taiwan and China, effective July 8, 2026, targeting specific HS codes.
SAIL's Bokaro plant to get 8.3 MT iron ore via slurry pipeline; Expansion underway

SAIL's Bokaro plant to get 8.3 MT iron ore via slurry pipeline; Expansion underway

SAIL's Bokaro Steel Plant will receive 8.3 MT iron ore annually via a 258km slurry pipeline, eliminating rail dependence. This Rs 15,000 crore expansion boosts crude steel capacity from 4.65 to 7.25 MTPA, ensuring reliable supply and sustainability.

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