A Mine in Jiangxi Sold 128 mt of Molybdenum Concentrates at a Floor Price of 5,230 Yuan

【SMM Steel】India's JSW Steel reported consolidated crude steel production of 2.118 million tonnes in April, down 1% from 2.14 million tonnes a year earlier. Indian operations contributed 2.04 million tonnes, down 1% y-o-y, while its Ohio facility in the US produced 78,000 tonnes, down 7% y-o-y. The decline was primarily due to the shutdown of Blast Furnace 3 at Vijayanagar for a capacity upgrade, which is expected to restart in Q4 2026. Excluding BF3 from last year's base, production growth was approximately 10%.

【SMM Steel】Taiwanese wire rod manufacturer Kuan Tien Steel announced that its consolidated revenue for April was approximately 253 million TWD (equivalent to approximately 7.8 million USD), representing a year-on-year increase of 6.85% and a month-on-month rise of 13.63%. Consolidated revenue for the first quarter stood at approximately 670 million TWD (equivalent to approximately 20.6 million TWD), marking a year-on-year decline of 8.43%. The company stated that the overall steel market has improved this year, with steel prices rising significantly and restocking demand from downstream sectors gradually emerging; full-year operating performance is expected to outperform last year’s figures.

【SMM Steel】North Africa's Libyan Iron and Steel Company has successfully completed the commissioning and testing of its new high-precision cold rolling mill, achieving a stable minimum target thickness of 0.25 mm. The project significantly expands Libya's flat steel processing capabilities and will provide critical substrate for higher value-added coated products. LISCO stated the new line aims to meet domestic reconstruction demand and generate export revenues.