Stainless Steel News Today

China's main steel industry body urges wider adoption of a yuan-denominated iron ore price index as a transparent alternative to dollar-based benchmarks to curb speculation and reflect market demand.

MS structural steel prices in India remained firm as strong infrastructure demand, disciplined mill production, and rising raw material costs supported the market. Primary mills announced fresh price hikes, while secondary manufacturers also increased offers amid higher billet and scrap prices. The market outlook remains positive with further upside expected during August.

AMNS India supplied 100% of the specialized steel required for the Indian Navy's indigenously built Anti-Submarine Warfare Shallow Watercraft, INS Malvan, manufactured at its Hazira facility in Gujarat.

Japan has imposed anti-dumping duties of up to 55% on hot-dipped galvanised steel imports from South Korea and China to protect its domestic steel manufacturers from unfairly priced products.

A new ₹4,000 crore integrated steel manufacturing facility in West Bengal marks a major industrial investment, promising regional economic growth, infrastructure development, and employment opportunities while emphasizing environmental sustainability.

Wanhua Chemical resumed production at its 800,000-tonne/year Fujian MDI unit following a 38-day scheduled maintenance, aiming to ease tight global supply and address rising market prices.

China's August polypropylene production is projected to rise 4.84% month-on-month to 3.28 million tonnes due to unit restarts, while capacity utilization climbs to 70.90%, potentially weighing on the overall market.

China's methanol prices declined sharply from July 24-30, 2026, due to rising port inventories, easing geopolitical tensions, and reduced downstream demand from olefin unit maintenance.

Jai Raj Ispat received the GreenPro Certification at the GreenPro Summit 2026, recognizing its sustainable manufacturing practices and resource-efficient TMT steel production for infrastructure applications.

AM/NS India launched Zagnelis Protect, a localized zinc-aluminium-magnesium coated steel at its Hazira facility, enhancing automotive corrosion resistance for EVs and reducing import dependence.