Mild Steel News Today

Indian met coke makers allege misuse of import scheme. They claim imported coke, meant for export steel, is used domestically. India produces 80mt met coke for 160mt crude steel, importing 2.8mt.

John Cockerill India won an Rs 800 million contract from Tata Steel to engineer, design, manufacture, and supply pickling and acid regeneration plants by mid-2027.

India will allocate 80% of its $570 million green steel incentive to 2,200 secondary mills, responsible for 47% of national output, to boost decarbonization.

Brazil's August 2025 crude steel output fell 4.6% year-on-year to 2.866 million mt. Rolled products dropped 5.5% to 1.984 million mt. Domestic sales decreased, while exports rose.

Iron ore futures dipped due to increased shipments from Brazil and concerns about steel demand.

SAIL-Bhilai Steel Plant auctioned 1,497 tonnes of crude coal tar at a weighted average bid of INR 38,604/t, higher than the previous INR 36,000-37,000/t range.

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.

Chennai's first steel flyover, a ₹131-crore, 1.2 km project connecting South Usman Road and CIT Nagar, opens October 1st. It aims to decongest Panagal Park and improve traffic flow.

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.