[SMM Steel] US finalizes antidumping review on Turkish rebar

HRC futures fluctuated downward today, with the most-traded contract closing at 3,275, down 0.37% MoM. Spot market side, market quotations remained largely stable with slight price cuts in some markets. Market transactions were relatively lackluster, dominated by rigid-demand purchases. In terms of supply, few new maintenance shutdowns were added this week, and coupled with the gradual production resumptions from earlier maintenance, supply showed an incremental trend. Demand side, futures and spot price trends diverged, and spot market purchasing enthusiasm was weak, mainly driven by rigid demand. Inventory side, Zhangjiagang port inventories accumulated 30,000 mt compared to pre-holiday levels, and affected by the holiday, destocking performance in some markets may fall short of ....

Thyssenkrupp Steel has announced an investment of €2.4 million into a new testing facility at its Duisburg site to evaluate the "iron ore of the future." This initiative focuses on the chemical and physical characterization of high-purity ores and pellets required for hydrogen-based direct reduction (DR) plants. As the industry moves away from traditional coal-based blast furnaces, ensuring a stable and efficient supply of DR-grade feedstock is critical for the success of Thyssenkrupp's decarbonization strategy, which targets its first climate-neutral steel production by the end of 2026.