Stainless Steel News Today

Indian steel prices are under pressure due to weaker raw material imports, though domestic production is shifting geographically. While import volumes are declining, cumulative figures remain high, suggesting continued reliance on overseas supply. Domestic production is down overall, but gains in secondary hubs are offsetting drops in key states like Odisha.

China's PVC glove exports declined by 5.22 million cases in the first seven months of 2025, reflecting post-pandemic demand shifts and changing trade dynamics.

Due to rapid capacity expansion, Chinese PP producers are increasingly focusing on exports to avoid domestic price competition. Global PP capacity reached 119.39 million tonnes/year in 2024.

SAIL provided 15,000 metric tons of steel, including 10,000 metric tons of R-260 Prime rails, for the 51-km Bairabi-Sairang railway project in Mizoram, inaugurated on September 13, 2025.

SAIL plans to increase its crude steel production capacity from 19 million tonnes to 35 million tonnes by 2030-31, focusing on green initiatives and diversification.

Urban Co, Shringar, and DevX debut on stock market. Jindal Steel bids for thyssenkrupp Steel Europe. Coal India wins REE exploration block. Dr Reddy's launches PCAB.

Iron ore futures rebounded due to increased steel production in China, despite weak housing data. Steel benchmarks also rose, reflecting improved market sentiment.

Indian stainless steel prices stayed mixed as nickel traded at $15,425/ton and copper at $10,150/MT. Domestic 300 series demand softened, 400 series firmed, and 200 series remained robust. Global sentiment is weak on EU trade risks, while India’s steel index hit a five-year low despite steady iron-ore production growth.

Primary 100×50 channel prices remain steady at ₹50,200-₹54,200/ton, while secondary markets strengthen on post-monsoon construction activity. Tightening stocks and rising fabrication demand in central and eastern India suggest a ₹200-₹400/ton uptick soon. Primary mills may trim prices slightly if secondary momentum cools before mid-September.

Interarch Building Solutions invests Rs 530 million to expand PEB manufacturing in Andhra Pradesh (25,000 MT/year) and Uttarakhand (15,000 MT/year), creating 200+ jobs.