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Stainless Steel News Today

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Green steel production could prove cheaper for India

Green steel production could prove cheaper for India

India's green steel could be 4% cheaper than conventional by 2030, saving nearly $1 trillion in coal imports. Green hydrogen costs $3/kg by 2030, making green steel below $500/t by 2035, leveraging India's low-cost clean power.
Geopolitical Conflict is Redefining Feedstock Competition-in-the Global Chemical Industry

Geopolitical Conflict is Redefining Feedstock Competition-in-the Global Chemical Industry

Geopolitical conflict is redefining global chemical industry feedstock competition. Resilience to volatility and supply-chain disruptions, rather than just cost, now determines competitiveness. Feedstock security is a strategic priority, notably during China's 15th Five-Year Plan.
Steel Holds Decline Despite Strong China Exports

Steel Holds Decline Despite Strong China Exports

Steel rebar futures remain near six-week lows below CNY 3,140/ton. This decline persists despite China's steel exports rising 8.8% in May, driven by weak domestic demand and better overseas margins.
One year later, Trump’s 50% tariffs leave EU steel exports to the U.S. down by one-third

One year later, Trump’s 50% tariffs leave EU steel exports to the U.S. down by one-third

One year after Trump's 50% tariffs, EU steel exports to the U.S. plummeted by 34%, from 2.93 million tonnes to 1.94 million tonnes, over three quarters.
JSW Steel crude output rises 15% to 22.93 lakh tonnes in May

JSW Steel crude output rises 15% to 22.93 lakh tonnes in May

JSW Steel's crude steel output rose 15% to 22.93 lakh tonnes in May 2026, driven by full-scale operations at Dolvi and JVML. Indian operations saw a 15% rise, while USA output increased 20%.
SAIL to prioritise value-added, special steel production, cost optimisation in 2026-27

SAIL to prioritise value-added, special steel production, cost optimisation in 2026-27

SAIL will prioritize value-added/special steel production, cost optimization, and customer engagement for FY27. FY26 saw 11.75% EBITDA growth, 50% PAT surge, and ₹8,148 crore debt reduction, reinforcing market position and profitability.
Indonesian anti-dumping verdict threatens China's PP exports

Indonesian anti-dumping verdict threatens China's PP exports

Indonesia recommended five-year anti-dumping duties on PP homopolymer imports from China, Saudi Arabia, and others, effective June 2, 2026. This threatens China's PP exports and causes market restructuring challenges.
Middle East turmoil shifts China's PP market from glut to deficit

Middle East turmoil shifts China's PP market from glut to deficit

Middle East conflict transforms China's PP market from oversupply to a 1.40 million tonnes deficit by 2026, marking the first shortfall in years due to disrupted feedstock supply and geopolitical tensions.
Turkey’s billet imports in Jan-Apr 2026 surge 53.9 percent as buyers shift toward Russian and Chinese origins

Turkey’s billet imports in Jan-Apr 2026 surge 53.9 percent as buyers shift toward Russian and Chinese origins

Turkey's billet imports surged 53.9% to 1.68 million mt in Jan-Apr 2026, valued at $825.29 million, driven by shifts to Russian and Chinese origins. April saw a 27.3% monthly dip, yet annual growth remained strong.
Evonith Steel Acquires 85 MW Power Plant

Evonith Steel Acquires 85 MW Power Plant

Evonith Steel acquired Indrajit Power's 85 MW coal-based plant in Wardha for Rs 232 crore via IBC. This strengthens energy security, supports expansion, and ensures uninterrupted operations for the steel manufacturer.

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