Stainless Steel News Today

A new ₹4,000 crore integrated steel manufacturing facility in West Bengal marks a major industrial investment, promising regional economic growth, infrastructure development, and employment opportunities while emphasizing environmental sustainability.

Wanhua Chemical resumed production at its 800,000-tonne/year Fujian MDI unit following a 38-day scheduled maintenance, aiming to ease tight global supply and address rising market prices.

China's August polypropylene production is projected to rise 4.84% month-on-month to 3.28 million tonnes due to unit restarts, while capacity utilization climbs to 70.90%, potentially weighing on the overall market.

China's methanol prices declined sharply from July 24-30, 2026, due to rising port inventories, easing geopolitical tensions, and reduced downstream demand from olefin unit maintenance.

Jai Raj Ispat received the GreenPro Certification at the GreenPro Summit 2026, recognizing its sustainable manufacturing practices and resource-efficient TMT steel production for infrastructure applications.

AM/NS India launched Zagnelis Protect, a localized zinc-aluminium-magnesium coated steel at its Hazira facility, enhancing automotive corrosion resistance for EVs and reducing import dependence.

SAIL's Rourkela Steel Plant acquired DRDO technology from DMRL to manufacture DMR-249B defence-grade steel plates, boosting India's indigenous defence manufacturing capabilities.

India's steel market remained stable with improving sentiment as project demand strengthened and mill order books expanded. Rebar prices moved higher, HRC prices stabilized, and raw material costs remained firm. Planned maintenance shutdowns, healthy exports, and tightening inventories are expected to support steel prices across India in the coming weeks.

TMT steel prices in India continued to strengthen as robust primary market demand, lean distributor inventories, and reduced mill production tightened supply. Higher fuel costs and growing order backlogs further supported the uptrend. The market is expected to remain firm, with prices likely to stay elevated in the near term.

Mumbai Metro Line 2B reached a major milestone as engineers installed the first 70-tonne steel back-span segment of its 200-metre cable-stayed bridge over busy transport corridors, enhancing urban connectivity.