Stainless Steel News Today

India is launching a Rs 207-crore pilot project led by CSIR-IMMT to establish its first 100% hydrogen-powered DRI plant by August 2029, aiming to cut emissions and drive green steel production.

Steel slag road technology reduces construction costs by 40% and quadruples strength. A 1.85-km record-breaking road in Chhattisgarh highlights industrial waste conversion into durable infrastructure.

Domestic stainless steel prices remain firm yet volatile as expanding regional output balances robust domestic infrastructure and consumer demand. Driven by a 5% YoY rise in Indian melt shop production (2.16 MNT in H1 CY26) and aggressive capacity build-outs, supply availability is improving despite pressure from lower-cost Asian imports. Near-term price trajectories face a tug-of-war between elevated nickel-to-stainless processing economics and cheaper Indonesian landing costs.

China's propylene supply is rising, with weekly output expected to reach 246,900 tonnes during September 7-13 due to restarts in Shandong. Despite this, domestic prices climbed slightly on improved downstream demand.

India's steel sector, contributing 12% to national emissions, can curb pollution by avoiding new coal-based blast furnaces and redirecting investments toward electric arc and green hydrogen technologies.

India's steel composite index rose for the seventh consecutive week, driven by improved project demand, maintenance shutdowns, and rising input costs pushing HRC and rebar prices higher.

India’s steel market continued its upward trajectory, with BigMint’s composite steel index rising 2.8% week-on-week as of September 4, marking the seventh consecutive weekly increase. Stronger project procurement, rising iron ore, pellet and coking coal costs, and maintenance-related supply constraints are supporting prices, while tighter trader-channel availability is giving mills greater pricing power.

India's coking coal index rose $19 to $299/tonne amid global supply constraints, while August imports dropped 20% m-o-m to 5.4 million tonnes and domestic finished steel prices surged.

China's polypropylene industry is set to add 1.75 million metric tons per year of new capacity in September as several producers bring their units into operation, though actual supply increments may remain limited.

New Mangalore Port Authority achieved a milestone by handling its first-ever export of 31,500 tonnes of steel grade pig iron to Kenya, as overall cargo handling grew by 11.13 percent.