Stainless Steel News Today

The European Commission launched an anti-dumping probe into PVC imports from China, South Korea, Taiwan, and Mexico following a massive 1,249.7% surge in Chinese exports, threatening potential provisional tariffs.

India’s MS structural steel market is moving into a firmer phase as post-monsoon construction activity improves while raw-material costs and controlled mill supply support prices. Nexizo’s indicative levels show MS billets around ₹47,500/MT in Chennai, while structural sections remain elevated across key grades/hubs. Rising steel consumption and new heavy-structure capacity point to sustained procurement demand in the near term.

India’s stainless steel market remains firm week-on-week, supported by higher alloy costs, tight scrap availability and steady domestic demand, while subdued export activity is limiting sharper price gains. Domestic SS HRC 304 is currently around ₹2.11–2.18 lakh/MT across key hubs, with 316L significantly higher, while the extension of India’s anti-dumping investigation on CR stainless steel imports keeps import-related uncertainty elevated.

In August, China's MEK exports dropped 33.7% MoM but rose 35.3% YoY, averaging $1,002 per tonne. Despite high near-term volumes, expanding domestic capacity and returning overseas supply will intensify market competition.

In August, China's styrene exports rebounded 42.86% to 113,648.29 tonnes, while imports surged 196.37% to 12,450.13 tonnes. The average export price slightly decreased by 0.38% to $1,153.03 per tonne.

China's phenol imports hit a record low of 0.12 tonnes in August due to supply disruptions and maintenance. September imports are projected below 5 kt, with domestic cargoes dominating the market.

Indian steel exporters secured duty-free access for 2.8 million tonnes of annual exports to the EU, front-loading trade agreement benefits and helping safeguard over 80 percent of shipments ahead of the formal FTA.

During September 11-17, 2026, China's methanol industry chain prices rose, driven by supportive supply-demand fundamentals and gains in downstream products.

In August, China's paraxylene imports rose 15.34% month-on-month to 591,200 tonnes due to unit restarts and better demand, but plunged 32.51% year-on-year amid Asian supply disruptions.

AM/NS India has become the first steel manufacturer to secure two new BIS certifications for advanced Q&T steel and alloy-coated sheets, boosting domestic infrastructure and heavy engineering supply.