Mild Steel News Today

The EU and US are forming a "metals alliance" to address the global market effects of subsidized Chinese metal production as part of their trade deal.

Steel prices have increased across regions due to supply shortages caused by maintenance activities at the Angul and Dolvi plants. Despite the usual monsoon lull, demand remains steady. Imports dropped 28.8% in Q1 FY2025, mainly from China and Japan. Domestic producers are adjusting pricing and production strategies amid rising orders and low distributor inventories.

Stainless steel prices remain stable in the 300 series, while the 200 and 400 series are witnessing strength due to limited imports and rising demand. Nickel is trading at $15,269/ton and copper at $9,793/ton. Scrap procurement remains active. Jindal Stainless has entered a strategic partnership with Gati Shakti Vishwavidyalaya to promote research and academic collaboration in steel applications.

India's electrical testing services market is projected to grow at 4.4% CAGR, reaching USD 308.4 million by 2033, driven by automation, steel production, and rural electrification.

Utility Global's H2Gen system, producing 3 tons of clean hydrogen daily from blast furnace gas, offers a cost-effective model for Indian steelmakers like Tata Steel to decarbonize without electricity.

Jindal Steel Chhattisgarh will invest $12.13 billion in a 7.5 million mt/year steel mill and 2.9 GW of thermal and solar power plants in Chhattisgarh, India.

India Inc's Q1 revenue saw a meager 4-6% growth, dragged down by power, coal, steel, and IT services, which contribute a third of the analyzed companies' revenue. Ebitda margin fell 10-30 bps.

India Green Steel Coalition's whitepaper promotes green steel in automotive, infrastructure, and construction. By 2030, the green steel premium is expected to drop from USD 210/tonne to USD 7/tonne.

Jindal Stainless uses advanced stainless steel and digitalization to drive India's smart infrastructure, including underwater metros, electric buses, and a green hydrogen plant, targeting a 50% carbon intensity reduction by 2035.

India plans to mandate 25% of public steel purchases be green steel, boosting eco-friendly production and reducing emissions by up to 58%.