【SMM Iron & Steel】Tata Steel plans to expand the capacity in Odisha Steel Plant by 4.8 million

[SMM Steel] India’s Rashtriya Ispat Nigam Limited (RINL) reported crude steel production of 5.43 mt in FY2025/26, up 51% YoY, while steel sales reached 4.42 mt, increasing 27% YoY, supported by improved operational efficiency and higher capacity utilization.

[SMM Steel] Vietnam's domestic coated steel and pipe market is entering a sharp upward price cycle in early April 2026. Major players including Vnsteel Thang Long and Nam Kim Steel have announced significant price hikes ranging from 300,000 to 600,000 VND/mt. This trend is primarily driven by Hoa Phat increasing its Hot Rolled Coil (HRC) prices by 900,000 VND/mt, alongside rising logistics and operational costs. The Ministry of Construction has since intervened, requesting local authorities to monitor prices and prevent speculation to stabilize the construction sector.

[SMM Steel] South Korea’s Ministry of Land, Infrastructure and Transport has officially approved the development of a 1.34 million m2 site for POSCO’s hydrogen-based steel plant in Pohang via coastal reclamation. The project, including the HyREX pilot facility, targets a 300,000 mt annual capacity by 2028 and is a cornerstone of South Korea’s strategy to commercialize hydrogen steelmaking by 2030.