Mild Steel News Today

Iron ore futures declined for a second consecutive session, heading for a weekly loss due to President Trump's proposed 50% tariff on certain steel products.

Structural steel prices have entered a correction phase across both primary and secondary markets. Weak post-election demand, high yard inventories, and payment delays are prompting mills to slash base prices selectively. Mills are focusing on liquidation and deferred deals, with further destocking expected in the coming weeks. Unless demand picks up, prices may continue to soften across key regions.

Primary TMT prices fell this week across key regions, including Delhi NCR, Mumbai, and Vizag, due to sluggish demand. Sellers continue offering lower rates while maintaining stable inventory levels. Despite the slowdown, supply remains steady without major disruptions. Experts anticipate further price corrections if demand remains weak in the coming days.

Iron ore futures fell for a second day, heading for a weekly loss as Trump's planned 50% tariff on steel derivatives weighed on sentiment. Dalian iron ore fell 0.5% to 700.5 yuan, while Singapore iron ore dropped 0.68% to $93.9.

SG Mart launches APL Apollo SunSteel, entering the renewable energy sector with solar mounting structures. Secured INR 266 crore in orders, expecting strong growth.

Interarch Building Solutions wins a Rs 450 million contract from a major auto OEM to build a pre-engineered steel building, expanding its infrastructure portfolio.

Iron ore port inventory rose to 137.22 million mt, up 1.13 million mt WoW. Daily average port pick-up volume dipped to 2.909 million mt, down 107,000 mt WoW, due to declining steel mill profits.

Goa's coastal authority questions GTDC's "model shack" plan for 4 beaches, citing concerns over sewage treatment and use of steel and cement with bamboo in 120sqm shacks.

Two months post-launch, the steel export parity price scheme for MSMEs is underutilized due to limited coverage, lower domestic prices (₹51,300/tonne), and lack of a central portal.

National building materials inventory decreased. Rebar dropped 2.20% MoM to 5.26 million mt, wire rod down 2.70% MoM to 1.10 million mt.