Stainless Steel News Today

Iron ore futures hit a one-week high due to accelerated spot market buying. Chinese steelmakers are restocking feedstock for the Lunar New Year holiday in February, bolstering prices.

European stainless steel prices have risen by up to EUR 100 per tonne, with further increases expected. Producers are delaying orders to capitalize on price hikes anticipated from the CBAM CO2 tax, effective January 1, 2026.

New Delhi and Stockholm rolled out seven next-phase low-carbon innovations in steel and cement. These scalable solutions, crucial for India's peak construction decade, aim to reduce emissions in urban development by transforming materials and processes.

TMT prices have moved higher across major regions as post-monsoon demand improves and distributors operate with limited inventories. Mills are running with full order books and constrained production capacity, restricting near-term supply. Strong sales performance by SAIL further reinforces positive sentiment, supporting a firm-to-upward price outlook.

EU Council adopted new steel import rules to protect its industry. It sets tariff-rate quotas between 15.2-22.2 million mt, allows carry-overs, and requires melt-and-pour evidence from Oct 1, 2026, with reviews every 2-4 years.

Dalian iron ore prices hit a five-month low as China plans to implement a licence system from 2026 to regulate steel exports, impacting demand prospects.

In 2025, China's PVC market faced severe oversupply due to 2.2 million tonnes/year new capacity, leading to significant producer margin losses and production cuts.

US beam exports in August totaled 18,927 mt, down 1.1% from July and 50.7% year-on-year. Valued at $28.4 million, Mexico was the top destination with 10,238 mt, followed by Mexico and Vietnam.

Odisha's steel sector will reach 33.78 MT capacity from integrated plants and 6.15 MT from others by FY 2025-26. Policies promote Made-in-India steel, quality, and sustainable growth, strengthening domestic supply and employment.

Tata Steel launches India expansion: NINL to 4.8 MTPA, Meramandali 2.5 MTPA, acquires 50.01% in Thriveni Pellets (4 MTPA), and plans 1 MTPA HIsarna green tech plant in Jamshedpur, strengthening supply and sustainability.