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Stainless Steel News Today

Latest Market News Of Stainless Steel

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Parliament panel seeks uniform safety protocol for SAIL workers

Parliament panel seeks uniform safety protocol for SAIL workers

Parliamentary panel urged SAIL for uniform worker safety, international best practices, and labour welfare. SAIL reported ₹1,112 crore net profit and ₹52,600 crore revenue in H1 FY, aiming for 50 MTPA capacity.
Global steel output down 5.9% in October

Global steel output down 5.9% in October

Global steel output fell 5.9% to 143.3 mt in October. China's production dropped 12.1%, while India's rose 5.9% to 13.6 mt. US output increased 9.4% to 7 mt, contrasting dips in Japan, Russia, and Europe.
India’s race to build a strong, reliable scrap market network: KSW

India’s race to build a strong, reliable scrap market network: KSW

India is rapidly building an organized scrap market for decarbonization, facing a 16mt gap by 2030. With 182 RVSFs and 22.5 million ELVs, boosting domestic recovery from under 1mt annually is crucial for low-carbon steel.
China: Stainless steel raw material market weakens; NPI falls below RMB 900/t ($126/t)

China: Stainless steel raw material market weakens; NPI falls below RMB 900/t ($126/t)

China's stainless steel raw material market weakens. NPI prices dropped to RMB 880/t ($123/t), pushing smelters to consider production cuts. Ferro chrome and ferro molybdenum also softened, pressured by weak demand and oversupply.
Indian HRC/CRC Market Stays Subdued Amid Weak Demand and Rising Import Pressure
nexizo.ai
Daily Market Report
25 November

Indian HRC/CRC Market Stays Subdued Amid Weak Demand and Rising Import Pressure

Flat steel prices remain unchanged across major markets, with HRC hovering around ₹47,000–₹51,500/MT and sluggish demand persisting post-festivals. Tight mill supply, rising imports, soft global sentiment, and cautious buying are keeping the domestic market range-bound with a mildly negative bias.
China Oct benzene imports gain 14.18% MoM

China Oct benzene imports gain 14.18% MoM

China's benzene imports in October 2025 surged to 496,772.84 tonnes, marking a 14.18% month-on-month increase. This reversed a continuous downward trend observed from July to September.
Engineering goods exports slide 17%; Industry seeks EU tariff relief

Engineering goods exports slide 17%; Industry seeks EU tariff relief

Indian engineering goods exports slid 17% in October. Industry seeks EU tariff relief for stainless steel products amidst new EU 50% tariffs and existing US tariffs, crucial for trade and employment.
iFOREST releases ESG benchmark of steel sector

iFOREST releases ESG benchmark of steel sector

iFOREST released an ESG benchmark and GHG framework for India's steel sector. This aims to attract climate finance for greening initiatives, crucial as steel production targets 255 mt by 2030, requiring Rs 9 lakh crore investment.
Brazilian finished steel commercial balance deficit increases in October

Brazilian finished steel commercial balance deficit increases in October

Brazil's finished steel commercial deficit surged in October, with imports of 313,148 mt ($215.483M) against exports of 159,592 mt ($111.238M), resulting in a 153,555 mt volume deficit and a $104.245M value deficit.
Consumption of steel products increase in Chile

Consumption of steel products increase in Chile

Chile's steel consumption surged 16.3% to 1.886 million mt in Jan-Aug 2025, with all product families growing. Imports accounted for 86%. Forecasts predict an 11.5% rise in 2025 to 2.649 million mt, reaching 2.699 million mt in 2026.

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