Stainless Steel News Today

The global structural steel racking components market is projected to grow at 8-11% annually, reaching an index of 250 by 2035, driven largely by the utility-scale battery storage boom.

India's rebar market strengthened due to rising DRI and scrap prices, driven by higher coal costs. Primary rebar is INR 49,000-52,000/tonne, while secondary rebar in Raipur is INR 43,500-44,500/t, though rolling margins face pressure.

TMT steel prices strengthened across major Indian markets as improving primary-market demand, tight distributor inventories, maintenance-related supply constraints, and rising fuel costs supported seller confidence. With mills carrying substantial order backlogs and buyers actively seeking additional volumes, market sentiment remains firm, keeping prices elevated and supply availability constrained in the near term.

The global coking coal market faces short-term volatility due to Chinese mine safety inspections and steel output dips. Meanwhile, Indian crude steel production is expected to rise 9.3% in 2026.

BCCL plans to expand its coking coal beneficiation capacity to 56.23 MTPA by FY31, shifting focus to usable low-ash coal to reduce import dependence and support India's steel industry.

Indian steel mills face margin pressures as premium coking coal prices jumped 25% to average $236 per metric ton, driven by supply disruptions and rising transport costs, threatening capacity expansions.

During August 7-13, 2026, China's methanol industry saw mixed price movements, with methanol rising due to tighter supply and geopolitical uncertainty, while downstream products remained mixed.

Coal India and AMNS India signed an MoU to explore a coal gasification plant with carbon capture in Odisha, aiming to substitute imported natural gas and boost clean energy production.

A Russian missile strike on Lakshmi Mittal's ArcelorMittal steel plant in Ukraine killed two workers, injured 14, and partially halted production, amid a massive escalation in aerial attacks and upcoming EU sanctions.

In FY2025-26, India's total coal imports remained stable at 244.2 million tonnes, but shifted towards steel production, with metallurgical coal imports rising 10.4% to 84.5 million tonnes as thermal coal imports declined.