One of the most prevalent grades of stainless steel utilized, 304 steel offers outstanding corrosion resistance due to its high concentration of chromium, according to steel sources.

Steel suppliers indicated high rates for the 304 grade since the major driver of the price increase was surging crude oil costs as a result of western restrictions on Russia's exports.

According to steel suppliers, the 430 grade lowers rates since 430 stainless steel is less expensive because it does not include nickel.

Steel sources indicated high prices for the 201 grade since there has been a definite desire for materials such as stainless steel, and with the increasing demand among Asian nations, it has become a trend that is now spreading globally.

Stainless steel is more expensive to create due to the addition of a number of alloying elements such as iron, chromium, nickel, manganese, and copper, according to steel sources.

Steel sources report a drop in the price of this I-shaped iron in Mumbai as a result of a drop in demand from the automobile sector.

Steel sources reported that carbon steel prices are increasing in Mumbai because low-carbon steel contains a lower percentage of carbon content, making it cheaper to produce but also weaker than its counterpart.

On February 22, 2023, Petrochem sources reported a fall in isoprene rubber grade SKI-3s prices in the Mumbai market.

Petrochem sources reported a considerable fall in octanol prices in the Kandla chemical market.

Iso Butanol prices firmed up at Kandla in anticipation of tight regional product avails and improved buying sentiments.

A sharp lift in cyclohexanone prices is noticed in Mumbai market.

VAM prices were assessed lower in the Mumbai market today.

Phthalic Anhydride prices have escalated in the Mumbai market today.

8BPCL's product pipeline in Andhra, Telangana to cut fuel buys
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Kochi-Koottanad-Bangalore-Mangalore pipeline
8How much more time will it take to complete the pipeline?
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There is a marked slowdown in the renewable energy sector
8An extractive Atmanirbhar strategy is at fault, and the surmise is that vested-interested centred indigenization policies have hit the sector hard
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8Project Name: Sirsa, Fatehabad and Mansa Districts City Gas Distribution
8Project Cost: Rs 350 crore.
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8Project Name: Ujjain, Dewas and Indore (Except area already authorized) Districts City Gas Distribution
8Project Cost: Rs 350 crore.
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 Rs. 1042 crore greenfield hydroelectric project: RFQ ahead
8Construction of approach road has been completed.
8The government has resolved the issue of local protests at the site
8RFQ for the civil works package (lot-1) is likely to be floated in April 2023.
Rs 1600 crore greenfield pumped storage project: HM package ahead
8EC has been granted
8Pre-bid meeting has been completed for the civil works package (lot-2).
8RFQ for the HM works package is likely to be floated in Q2 2023
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8Bridgestone Corp. predicts 1% year-on-year sales growth and a 6% year-on-year adjusted operating profit increase in 2023. Despite the Japanese corporation reporting outstanding 2022 results, a cautious 2023 view includes worries about currency volatility, raw material and feedstock pricing, global economic uncertainty, and global political instability.
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8Balkrishna Industries Ltd (BKT), an Indian off-highway tire producer, is boosting output at its flagship Gujarat factory. During three years ending in 2026, the project will increase the group's production capacity to 600 ktpa, increasing total sales to $2 billion (€1.87 billion).
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8Zhejiang Petrochemical Co., a subsidiary of the larger Rongsheng Petrochemical group, has commissioned a 60 ktpa solution styrene butadiene rubber (SSBR) production facility in the Chinese port city. It will aid in the development of green tires by supplying rubber with broad features such as high wear resistance, low heat generation, and great wet skid resistance.
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8The trading week that concluded on February 17 saw natural rubber futures close with a mixed bag of results, with major exchanges reporting little moves during that time. According to Japan's Stock Exchange JPX's weekly report from February 20, rubber futures in Osaka fell 1%, after a 0.6% loss in Shanghai.
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8Sinochem, a major Pirelli shareholder, has denied rumours that it plans to sell its stake in the Italian tire company. Marco Polo International Italy, a wholly owned subsidiary of Sinochem, is 65% controlled by China National Tire & Rubber Corp.
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