[SMM Iron & Steel] Bashundhara Multi Steel Project Targets Mid-2026 Commissioning

[China Iron Ore Brief: Iron Ore Concentrates Prices in Tangshan Had Some Room to Move Higher] Iron ore concentrates prices in Tangshan were relatively stable this week, with the ex-factory prices of 66-grade dry-basis, tax-included iron ore concentrates at 970-980 yuan/mt. As the important meeting was about to close, the impact of environmental protection and safety inspections gradually weakened, and some mines and beneficiation plants showed stronger willingness to produce, though overall iron ore concentrates resources remained relatively tight. According to SMM tracking, after the meeting ended, some mines and beneficiation plants that had suspended production earlier

[SMM Daily Brief Review of Coking Coal and Coke] In terms of supply, coke producers' profits were weak, coupled with the relatively small room for coal mines to offer concessions, which did not fully restore coke producers' profits. As a result, their willingness to increase output was low, and they maintained normal production. On the demand side, the Two Sessions are about to conclude, and steel mills that had previously imposed voluntary production restrictions are expected to resume production, which may increase demand for coke. However, due to the slow destocking speed of finished steel products, steel mills remained cautious toward coke and adopted a purchase-as-needed strategy. In summary, with steel mills purchasing cautiously and coke producers' cost downside room limited, the coke market may remain temporarily stable in the short term.