Mild Steel News Today

ArcelorMittal Nippon Steel India (AMNS India) has launched Magnelis, a patented corrosion-resistant steel, in India. With a Rs 10 billion investment, the Hazira plant in Gujarat now produces 5 lakh tonnes annually, aligning with India's Atmanirbhar Bharat initiative and supporting the clean energy sector.

JSPL announces major investment in green hydrogen production to support India's energy transition and decarbonize steelmaking. The move includes renewable energy projects to power facilities, aiming for carbon-free steel. This aligns with India's goal of net-zero emissions by 2070 and promotes a robust hydrogen economy.

Kolkata Metro has replaced the steel third rail with an aluminum one at the Maidan siding to enhance efficiency and safety. The lighter, corrosion-resistant aluminum rail requires less maintenance, aligning with modern engineering practices and improving operational reliability.

Calderys is investing in a new refractory plant in Odisha, India, expected to start production in the second half of 2025. This will be the world's largest single-site greenfield plant dedicated to refractories and steel casting fluxes, significantly expanding its product range and capacity.

Jindal Steel & Power (JSPL) and Jindal Renewable Power (JRPL) have partnered to implement India's largest green hydrogen investment by a steel maker. By December 2025, JRPL will produce 4,500 tpa of green hydrogen and supply 3 GW renewable energy, reducing JSPL's coal dependence by 50%.

Shyam Metalics and Energy (SMEL) announced a greenfield cold rolling mill (CRM) in Jamuria, West Bengal with an annual capacity of 4,00,000 tonnes. The project, costing Rs 603 crore, will produce PPGL and GI/GL coils, enhancing SMEL's steel manufacturing capabilities and market reach.

India's domestic steel consumption is projected to grow by 9-10% in FY2025, with Q1 showing a 15% YoY increase. Capacity utilization is forecasted to hit 88% despite new capacity additions. Steelmakers benefit from lower raw material costs, although margins may contract temporarily in Q2.

The government will require automakers to recycle at least 8% of steel from end-of-life vehicles by fiscal year 2026, potentially increasing to 18% by 2035-36. This measure aims to improve the steel circular economy and support decarbonisation efforts, benefiting the steel industry with increased scrap availability.

Jindal Steel (JSPL) and Jindal Renewables (JRPL) have signed an MoU for India's largest green hydrogen investment by an Indian steelmaker, targeting low-emission steel production. The initiative will develop a 4,500-ton green hydrogen capacity by December 2025, paired with 3GW of renewable energy, reducing coal energy dependence by 50% in 2-3 years.

China's stainless steel market in 2024 faced notable volatility due to persistent supply-demand imbalances. Anticipated interest rate cuts and upcoming holidays may influence market dynamics, while high supply and weak demand, especially in machinery, exert pressure. Rising nickel ore prices and low production profits offer some price support.