Mild Steel News Today

Structure prices in the secondary market showed mixed trends, with Raipur and Mandi prices declining, while other regions remained stable. The primary market saw price adjustments this month, with SAIL and RINL reducing rates. Improved supply from SAIL IISCO and RINL facilities, combined with government interventions, is expected to address supply issues and gradually boost demand.

The structure steel market sees mixed trends with stable to rising secondary market prices, while primary markets face price reductions. SAIL, JSPL, and RINL adjust pricing amidst supply and demand challenges. Meanwhile, environmental regulations threaten Tata Steel's Dutch operations, adding uncertainty to the global supply chain.

TKIL Industries plans to invest ₹1,500-2,000 crore to set up green hydrogen units with 100 MW capacity by 2025, targeting industries like steel and oil refining.

Stainless steel prices show varied trends, with nickel and copper gaining and a mix of upward price movements across product grades. The demand for 300 and 200 series continues to improve, while a cash crunch keeps growth limited. The market is shaped by domestic supply challenges, with EU safeguard measures and reduced imports impacting trade dynamics.

With the strengthening of economic stimulus from the US and China, Taiwan’s upstream stainless steel supplier Tang Eng expects market conditions to pick up after the Lunar New Year, laying the foundation for development in 2025.

Structure steel prices fluctuate with Raipur, Mandi, Durgapur and Hyderabad showing increases, while Chennai remains stable. Primary market prices dropped for SAIL and RINL, while secondary mills maintain adequate supply. The primary market weakens, but secondary market trends upwards as demand improves.

Stainless steel prices remain steady across series despite cash constraints and import shortages. Demand for 200 and 300 series is on the rise, while government and global efforts target supply gaps and market overcapacity. Meanwhile, compliance certification for CRGO imports is expected to ease supply pressures for critical industries.

Primary TMT prices remain stable, with demand rising and inquiry-to-conversion ratios improving. Distributors maintain significant inventory, and market sentiment is optimistic. Meanwhile, the government considers implementing a 25% duty on steel imports to counteract subsidized competition from FTA countries. The next few months are expected to see better market conditions driven by these trends.

Karnataka's new tax bill has led to a steep decline in NMDC shares, down 6%, as it could increase iron ore costs. The bill aims to raise Rs 4,207.95 crore annually.

Stainless steel prices see slight fluctuations, with nickel and copper both down. Demand in the 200 series has surged due to limited imports, while the 300 and 400 series also show some upward movement. Taiwan's stainless steel imports are up, and India's steel capacity utilization is forecasted to drop.