India’s Stainless Steel Scrap Market Remains Steady Amid Currency Swings
India’s domestic and imported stainless steel scrap market stayed steady this week. Currency swings and limited trading shaped the overall mood. BigMint assessed domestic 304-grade scrap at Rs 114,000 per tonne ex-Delhi, unchanged week-on-week. At the same time, imported 304-grade...
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Global Stainless Steel Tank Market Set to Touch US $12.5 Billion by 2033
The stainless steel tank market is expected to reach US $12.5 billion (around Rs 104,000 crore) by 2033, as per the research by Strategic Revenue Insights Inc. The stainless steel tank market has become vital for industries such as food,...
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Stainless Steel Producer Jindal Stainless Commits Rs 700 Crore for Green Projects
Jindal Stainless Ltd (JSL), India’s largest stainless steel producer, has unveiled a Rs 700 crore plan for decarbonisation projects. At the same time, the company reported a 14 per cent drop in carbon emissions for FY25, marking a reduction of...
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India’s Stainless Steel Prices Hold Steady Despite Weak Demand
India’s stainless steel finished flats prices stayed firm last week as rising input costs offset weak demand. Global producers announced mixed alloy surcharge changes for October 2025 deliveries. Acerinox reduced surcharges on 304 and 430 grades but increased 316L and...
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Stainless Steel Maker Jindal Stainless signs Rs 41,580 crore MoU for Raigad plant
Jindal Stainless signs a landmark MoU with the Government of Maharashtra at AIIFA Steelex 2025 in Mumbai. The company will set up a 4 MTPA stainless steel plant in Raigad with an investment of Rs 41,580 crore. Shashibhushan Upadhyay, Chief...
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Stainless Steel Prices in India Jumps Amid New Steel Quality Order
A new quality control order (QCO) on stainless steel has triggered a clash between India’s MSMEs and the government. Importers say the rule has driven up domestic prices and created supply shortages. In a letter dated 17 September, the Metals...
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