[SMM Steel] Indian government approves $42 million for green hydrogen steel pilots

[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.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 27 Mar , 2026

[Grain-Oriented Silicon Steel Prices Will Remain in a Consolidation Trend Next Week, with Limited Fluctuations] Market feedback indicated that the current core downstream demand mainly came from transformer manufacturing enterprises. Affected by the industry's traditional off-season, enterprises had weak purchase willingness and mostly adopted strategies of consuming their own inventory and making small-volume replenishments on demand. Acceptance of current prices remained stable, but there was a lack of momentum for large-scale procurement, resulting in relatively weak actual transaction performance for grain-oriented silicon steel. Due to inventory pressure on some specification resources, traders had limited room for slight discounts.