Stainless Steel News Today

Due to surging power demand and high raw material costs, small-scale Indian steelmakers are halting production to sell electricity on the spot market, where prices have more than doubled to Rs.7.7 per unit.

MAN Industries acquired Saudi Arabia's NPC for INR 1,000 crore, secured a five-year Aramco MoU, and plans a Jammu stainless steel plant by FY27, bolstering its global pipeline infrastructure footprint.

Algeria's Tosyalı Algerie has exported 20,127 metric tons of steel coils to the US via the port of Arzew, boosting the nation's non-hydrocarbon industrial exports and international market presence.

India's surging steel demand could offset China's projected 2026 slowdown, though international price support will depend on domestic mill expansions, import composition, and China's contraction levels.

Modern car manufacturing is a truly global operation. Building a single vehicle involves components sourced from thousands of suppliers across numerous countries, making it difficult to trace a definitive supply chain.

India's National Steel Policy Vision 2047 targets 604 mnt crude steel capacity, 505 mnt finished steel demand, 302 kg per capita consumption, and 45 mnt exports, prioritizing decarbonisation and raw material security.

In the week ending 9 October 2026, Indian ERW patra pipe prices declined across key regions like Raipur and Mandi Gobindgarh due to subdued demand and lower raw material costs, despite production hurdles.

State highways officials have commenced repair works on damaged expansion joints of a busy flyover to prevent accidents and ease commuter concerns following recent deterioration reports.

South India is projected to reach 46 million tonnes of crude steel capacity by FY2026, supporting India's national goal of 300 million tonnes by 2030 through regional investments and infrastructure growth.

Dalian iron ore prices dropped 1.85% to a 15-month low of 691.5 yuan per ton amid weak steel margins and low profitability, with only 6.9% of Chinese steelmakers operating profitably.