[ Vattenfall to Build New Power Lines for SSAB's Fossil-Free Steel Mill ]

This week, HRC social inventory stood at 2.9328 million mt, down 6,800 mt from the previous week, down 0.23% WoW, up 25.27% YoY, and up 30.34% YoY on the lunar calendar basis. This week, HRC mill inventory stood at 1.1155 million mt, down 4,600 mt from the previous week, down 0.41% WoW, up 6.19% YoY, and up 9.14% YoY on the lunar calendar basis. This week, total HRC inventory stood at 4.0383 million mt, down 11,300 mt from the previous week, down 0.28% WoW, up 19.40% YoY, and up 23.76% YoY on the lunar calendar basis.

A high-level joint meeting was held between Union Ministers H D Kumaraswamy (Steel & Heavy Industries) and Sarbananda Sonowal (Ports, Shipping and Waterways) to review the usage of steel recovered from ship recycling, as part of efforts to strengthen India's circular economy and ship recycling leadership. The meeting brought together key stakeholders — Department of Science and Technology(DST), Bureau of Indian Standards(BIS), Gujarat Maritime Board and the Ship Recycling Industries Association(SRIA) to assess current regulations and identify new sectors where recycled ship steel can be used, aiming to boost its value and expand its market. The move is seen as a step toward supporting domestic steel manufacturing and reinforcing India's position as the world's top ship recycling hub with a strong focus on sustainability and long-term efficiency in the sector.

Global steelmaker ArcelorMittal successfully restarted blast furnace A at its plant in Gijón, Spain, following a burst water pipe that caused a localized steam explosion on September 9, 2026. The company confirmed that the incident caused no damage to the blast furnace itself, and normal operations have resumed without impacting customer deliveries. Blast furnace B remained fully operational throughout the outage, minimizing disruptions to the site's primary ironmaking capacity.