Purchasing Prices of Steel Scrap Fall

Tata Steel plans to add around 5 million tonnes/year of steelmaking capacity at its Neelachal Ispat Nigam Ltd (NINL) facility in Kalinganagar, Odisha with an investment of around INR 40,000 cr, CEO and MD TV Narendran speaking at the IFQM Symposium 2026. The expansion will focus on long products and is aimed at strengthening the company’s long steel business. Tata Steel acquired NINL in July 2022 for around INR 12,100 cr when the plant had a capacity of 1 million tonnes/year. The company completed the Phase II expansion at its Kalinganagar plant last year, taking its overall steelmaking capacity in India to 26.1 million tonnes/year.

ESAB published its Q4 2026 US combined alloy-and-tariff surcharges for welding filler metals. The surcharge for 316/316L stainless solid wire fell from $7.08/lb ($15.57/kg) in Q3 to $6.26/lb ($13.77/kg), while 317/317L declined to $6.72/lb. Duplex 2209 and super-duplex 2509/2594/2507 eased to $8.71/lb and $9.02/lb. ERNiCrMo-3 nickel-alloy solid wire fell from $15.53/lb to $13.28/lb. SMM analysis: Mo-bearing welding-consumable surcharges broadly declined QoQ, but the combined charges also reflect nickel, chromium and tariff costs and are not molybdenum spot prices.

North American Stainless (NAS), part of Acerinox, said Type 316 cold-rolled products shipped from Oct. 1 would carry a higher base price through a two-point reduction in the functional discount. All active requests for quotation are subject to the adjustment. This is a base-price mechanism change rather than a monthly alloy surcharge.