[SMM Stainless Steel Flash] ISSDA & GSSE Alliance Targets Stainless Steel Clean Energy Growth

Published: Jul 22, 2026 10:05

Save

India's stainless steel market is projected to reach approximately US$15.8 billion by 2030, growing at 9.1% annually, though domestic plants currently operate at only 60–65% of their 7.5 million-tonne capacity, with 25–28% of local demand supplied by imports — primarily from China. ISSDA President Rajamani Krishnamurti stated that stainless steel is indispensable for India's clean energy ambitions, including green hydrogen, ammonia handling, and ethanol production, positioning the country for potential leadership in specialized stainless steel manufacturing. To capture this opportunity, ISSDA has partnered with the Global Stainless Steel Expo (GSSE) to organize technical conferences and buyer-seller meets across infrastructure, mobility, and renewable energy sectors, while renewing calls for a National Stainless Steel Policy to secure domestic raw material supply.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

10 hours ago

Data: SHFE, DCE market movement (Aug 17)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 17 Aug , 2026

10 hours ago

[SMM Nickel Flash] Vale: Mechanical Construction of the HPAL Pomalaa Nickel Smelter Has Been Completed

[Vale: Mechanical Construction of the HPAL Pomalaa Nickel Smelter Has Been Completed] Budiawansyah, Chief Sustainability and Corporate Affairs Officer of PT Vale Indonesia (INCO), said on August 13 that the physical and mechanical construction of the HPAL (high-pressure acid leach, hydrometallurgical) smelter located in the Pomalaa block, Pomalaa District, Kolaka Regency, Southeast Sulawesi Province, has been completed (one production line has reached 100% mechanical completion) and has entered the trial operation stage. The project is being developed by PT Kolaka Nickel Indonesia (KNI), with partners Zhejiang Huayou Cobalt (Huayou) and Ford Motor Company (Ford). PT Vale Indonesia Tbk plans to commence production of the project in Pomalaa in Q3 2026, with a target capacity of 120,000 mt Ni of MHP.

10 hours ago

Market Sentiment Weakens for High-Grade NPI, Downstream Purchases Sluggish Amid Cooling Interest

[SMM Nickel Flash] News on August 17: The current market sentiment for high-grade NPI is relatively weak. Many market participants, facing a downward market trend, have chosen to wait and see and have stopped offering quotes. Downstream steel mills’ purchase willingness remains sluggish, with some enterprises directly suspending related procurement activities, and market buying interest has clearly cooled.

10 hours ago