MMi Daily Iron Ore Report (March 17)

[SMM Steel] Tata Steel has signed a Memorandum of Understanding (MoU) with the University of Science and Technology Beijing (USTB) to co-develop scalable low-carbon steelmaking technologies. The collaboration focuses on four strategic areas: scrap-based steelmaking, steel waste valorization, carbon capture and utilization (CCUS), and end-product performance. By leveraging USTB’s pilot-scale facilities and Tata Steel’s engineering strengths, the partnership aims to accelerate the transition of sustainable metallurgical research into practical industrial applications.

SMM Steel, February 24 – According to SMM statistics, the estimated total shipments to mainstream markets this week reached 302,700 mt, up 50.90% WoW. By market:

Zhangjiagang hot-rolled coil inventory stood at 311,000 mt this week, down 4,000 mt WoW, a decline of 1.27; the YoY decline was 27.34 on a calendar basis and 31.50 on a lunar calendar basis.