India’s auto production hiked in March, while January-March sales reached record quarterly highs across all major vehicle segments, supported by stronger affordability and policy-driven demand. Read more
China’s auto output and sales rebounded sharply in March from February, while exports jumped 72.7% over the year and domestic demand remained under pressure. Read more
Marcegaglia’s Fos-sur-Mer project continues to advance, with the new plant set to produce up to 3 million tonnes of stainless and carbon steel hot-rolled coils annually once completed. Read more
The US-Israel war against Iran is driving energy supply risks and weighing on the stainless steel sector sentiment, speakers said at SMR’s Tube & Pipe event in Düsseldorf. Read more
SMR, with Messe Düsseldorf, launched its first Stainless Steel Tube and Pipe conference on April 13, gathering nearly 100 participants from 50+ companies amid rising geopolitical and trade pressures. Read more
At Tube & Wire Düsseldorf, market participants said regulation, cost inflation and geopolitical risks are increasingly driving the European stainless steel market, with uncertainty becoming the norm. Read more
The European Parliament and the Council reached a political agreement with the European Commission (EC) on a new EU steel measure set to replace existing safeguards from July 1, 2026. Read more
Indian seamless tube producers said EU exports should continue despite tighter EU safeguards and CBAM, while domestic demand growth is expected to absorb new capacity. Read more
2026-04-19Market News, Price News, Raw Material NewsIndia
Indian stainless scrap prices increased further by mid-April, supported by tightening domestic and overseas availability as well as rising freight rates. Read more
The UK government has set out plans to cut electricity costs for energy-intensive manufacturers as part of an expanded industrial support package. Read more
A Norwegian green steel developer has been identified as the preferred bidder for Speciality Steel UK (SSUK), according to media reports, marking a key step in the sale of the insolvent UK steelmaker. Read more
Rolls-Royce SMR has secured up to GBP 599 million from the National Wealth Fund and signed a delivery contract with GB Energy, enabling work to begin on the UK’s first small modular reactors. Read more
The U.S. is aiming to restore broad tariffs on major trading partners as early as July 2026 as Section 301 investigations move into the next phase following the close of public comment periods. Read more
The UK government has confirmed new steel trade measures from July 1, 2026, reducing tariff-free import volumes and bringing key stainless steel products back under quota controls. Read more
Indonesian Tsingshan raised stainless HR coil export offers again in mid-April, adding fresh cost pressure for Asian cold-rolling mills amid higher Indonesian ore costs. Read more
Indonesia revised its official benchmark mineral price (HPM) from April 15, changing the way nickel ore is valued under the government pricing system. Read more
Negotiations over the United States-Mexico-Canada Agreement are expected to extend beyond the July 1 review deadline, according to U.S. officials, raising the prospect of prolonged trade uncertainty. Read more
Xingfu town in Boxing county, Shandong province, has become a major center for commercial stainless steel kitchen equipment with 2,800 manufacturers. Read more
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