Stainless Steel News Today

The structural steel market maintains a firm tone, with the secondary segment leading due to tight supply and strong demand for channels and angles. Primary mills remain cautiously optimistic, awaiting mid-November pricing cues. Stockists are actively replenishing inventories in the West and South, while trade liquidity has improved post-festive season across major hubs.

Steel prices remain stable across major hubs despite weak post-monsoon demand. Distributors are managing inventory cautiously, while mills are calibrating production to prevent oversupply. With India emerging as a net steel exporter and new investments under the PLI scheme gaining traction, the medium-term demand outlook — especially for TMT — appears increasingly positive.

HRC and CRC prices across key Indian markets remain largely steady, with marginal day-to-day movements reflecting local factors. Demand is stable but cautious as mills manage supply through maintenance shutdowns and reduced imports. Tata Steel's Q2FY'26 performance highlights resilience in the sector despite cost pressures. Near-term pricing sentiment remains cautious, with limited upside given mixed market signals.

Beneficiated Indian high-ash coal (<1.44 kg/m³ fraction) yields 16.23% ash, 21.62% volatile matter, and 6642-8355 kcal/kg GCV. Blending 30% with imported coal achieves 9.59% ash, suitable for PCI, cutting import dependency.

SEIL and SEIL Infra Logistics commit Rs 4,650 crore to Vizianagaram for a 1 MTPA green steel plant expansion and a Multi-Modal Logistics Park. These projects will create 15,000 jobs, transforming the industrial landscape.

China's steel mills deepened output cuts in late October and early November due to declining construction demand and weakening profit margins, forcing deeper reductions despite the traditionally low season.

India's stainless steel demand surges, projected to reach 6.8 million tonnes by 2030, driven by infrastructure. However, reliance on imported raw materials like nickel causes price volatility and hinders growth, necessitating domestic processing capabilities.

EU to cut steel import quota by 47% to 18.3 million tons and raise tariffs to 50% by 2026, creating dual barriers with CBAM. China's exports surged in 2025, a "final spree" before new rules reshape global trade.

India revamps steel import rules, easing compliance for MSMEs with single SIMS registration for up to 1,000 tonnes annually. It also suspended 55 quality control orders and plans a new steel policy, including a revival for Salem steel plant.

India's coking coal index (PHCC) rose $2/t to $213/t on Nov 14, 2025, driven by Australian cargo trades. Met coke strength offered support, while steel demand remained mixed, with rebar prices dropping.