Stainless Steel News Today

India's National Steel Policy Vision 2047 targets 604 mnt crude steel capacity, 505 mnt finished steel demand, 302 kg per capita consumption, and 45 mnt exports, prioritizing decarbonisation and raw material security.

In the week ending 9 October 2026, Indian ERW patra pipe prices declined across key regions like Raipur and Mandi Gobindgarh due to subdued demand and lower raw material costs, despite production hurdles.

State highways officials have commenced repair works on damaged expansion joints of a busy flyover to prevent accidents and ease commuter concerns following recent deterioration reports.

South India is projected to reach 46 million tonnes of crude steel capacity by FY2026, supporting India's national goal of 300 million tonnes by 2030 through regional investments and infrastructure growth.

Dalian iron ore prices dropped 1.85% to a 15-month low of 691.5 yuan per ton amid weak steel margins and low profitability, with only 6.9% of Chinese steelmakers operating profitably.

India's small steelmakers, producing 40 percent of the nation's steel, struggle to cut emissions due to tight margins, high costs, and limited capital, as coal reliance and strict decarbonisation targets hinder their green transition.

Despite a 29.5% surge in finished steel imports, India's steel ministry is unlikely to raise import curbs because domestic prices remain high.

BMW Industries commissioned a colour coating line at its ₹803 crore Bokaro complex in Jharkhand, marking the first phase of its greenfield expansion into value-added downstream steel.

India’s flat steel composite index rose 1.0% w-o-w as of 1 October 2026, extending the broader steel market’s four-year high. HRC and CRC prices strengthened as major mills raised October prices, while tight domestic availability, maintenance shutdowns, higher raw-material costs and improving post-monsoon buying supported the market.

Shyam Metalics signed an MoU with Maharashtra to invest ₹50,000 crore for a 9 MTPA integrated steel complex in Chandrapur, generating 30,000 jobs and driving regional industrial growth.