[Krakatau Pipe Industries Signs Deal to Supply About 50,000 Steel Poles for PLN Power Infrastructure]

[Sheets & Plates] Some export prices for hot-rolled coils and other sheets & plates remained stable WoW today, with HRC transaction prices concentrated in the $478-485/mt range. Ex-China wait-and-see sentiment was relatively strong, and market transactions were moderate. Some steel mills in the north and south maintained relatively high offers, but second-tier export producers lowered prices, with actual transaction prices near $475/mt. Inquiries from the Middle East improved recently compared with the earlier period.

[SMM Steel] Market feedback indicates that for Q235B HRC with specifications of 14-30mm and shipment in January, the FOB transaction price was $535/mt, with the port of shipment being Tianjin Port and the destination country being the Middle East.

NTPC reported a 25.7% year-on-year increase in consolidated profit after tax (PAT) to INR 14,247 crore in H1 FY27, while standalone PAT rose 13.1% to INR 10,662 crore. In Q2 FY27, consolidated PAT increased 40.68% to INR 7,351 crore, compared with INR 5,225 crore last year, while standalone PAT grew 14% to INR 5,320 crore. Consolidated revenue from operations stood at INR 54,270 crore in Q2, up 21.2% year-on-year. During H1, NTPC Group's power generation increased 10.4% to 236 billion units, while installed capacity reached 91,506 MW. Strong coal-based power generation supports reliable electricity supply to energy-intensive industries, including steel. However, the results do not indicate any immediate change in industrial power tariffs or steel production costs.