Anhui Panhua New Materials Cold-Rolling Project Pickling Line and Hot-Dip Galvanizing Line Commence Production

[SMM Steel] The IndiaGreen Steel Coalition (IGSC) stated that India must strengthen its domestic scrap collection and processing infrastructure to support the transition toward secondary steelmaking. India currently consumes around 41 mt of scrap, accounting for 23% of crude steel production, while demand could exceed 200 mt by 2047 as scrap use targets rise to 50%. However, a potential 40–50 mt supply gap may increase reliance on imports, making scrap a strategic resource for India’s decarbonization and green steel transition.

[SMM Steel] India’s Steel Ministry has flagged LPG supply shortages impacting steel plants and conveyed industry concerns to the Petroleum Ministry. Supply disruptions linked to the Iran conflict and prioritization of household consumption have reduced industrial LPG availability. Steelmakers are seeking alternative propane supplies, including from Russia, to maintain operations, while shortages may also affect key inputs such as nitric acid, lime, and ammonia used in stainless steel production.

[SMM Daily Brief Review of Coking Coal and Coke] News side, some steel mills are expected to raise wet-quenched coke prices by 50 yuan/mt and coke dry quenching prices by 55 yuan/mt, effective from 00:00 on April 1, 2026. In terms of supply, coke producers currently saw good shipments, and coke inventory remained at a relatively low level. Meanwhile, coking costs increased significantly, strengthening coke producers' willingness to increase prices. Demand side, steel sales improved, and steel mills were in the stage of resuming work and production, with hot metal production trending upward, boosting their willingness to procure coke. Overall, the first round of coke price increases may be implemented next week, and the coke market is likely to hold up well in the short term.