Stainless Steel News Today

China's benzene capacity is projected to reach 27.67 million t/y by end-2025, an 8% increase from 2024. Newly-added capacity in 2025 totals 1.94 million t/y, with an 8% growth rate.

China's ammonia market is bolstered by robust exports, preventing a notable descent despite oversupply. Daily supply has continuously climbed since October, maintaining 35,000 tonnes.

Evonith Steel plans a ₹5,500-₹6,000 crore investment over three years to more than double capacity from 1.4 mtpa to 3.5 mtpa. Funded by internal accruals, debt, and an IPO, this expansion aims to boost production and market reach.

India’s flat steel market remains steady, with no major changes in HRC and CRC prices across key cities. Demand is stable but cautious, supported by infrastructure and housing projects. While imports and maintenance shutdowns influence supply, mills may adjust output to balance weak demand and maintain pricing stability.

The China-US summit in Busan and trade talks in Kuala Lumpur yielded tangible tariff and trade results, sending positive signals for tariff policy easing and thus boosting China's PVC glove exports.   The US will suspend its 24% reciprocal tariffs on Chinese goods for one year and also pause the implementation.

China's acetone imports surged by 40.72% year-on-year to 329,300 tonnes in Jan-Sep 2025, an increase of 95,500 tonnes, according to GACC data.

Indian Railways is galvanising its 1,09,748 km network with zinc, extending steel asset life to 30-50 years. This protects against corrosion, reduces maintenance, and supports sustainability for its ₹24,634 crore modernization and safety projects.

Vietnam's imports from India hit $5.81 billion in 2024, with total trade at $15 billion. Key imports include engineering goods, steel, meat, and chemicals. Trade is driven by complementary economies and is projected to exceed $6 billion by 2025.

India's 2070 Net Zero goal hinges on decarbonizing cement and steel, which cause 15-20% of national CO2 emissions. Demand for cement will double to 700-750 MT by 2040, and steel triple to 350 MT by 2050, posing significant challenges.

MMRDA installed a 56-metre, 450-ton steel span on Mumbai Metro Line 4, achieving 84.5% project completion. The 32.32 km Green Line with 30 stations is set for phased completion by October 2027, enhancing Mumbai's connectivity.