[SMM Iron & Steel] Turkey’s Q1 2026 Iron Ore Imports Rise 28% to 2.68 Million MT on Supply Diversification

【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.

【SMM Steel】India's JSW Steel Limited plans to merge its subsidiary BMM Ispat Limited to boost operational synergies and expand its long product portfolio, as announced in a May 15 regulatory filing. The integration will leverage BMM Ispat's expansion-ready land in Karnataka to achieve cost efficiencies and significant operational synergies. JSW Steel can achieve faster capacity growth at lower costs through this merger compared to building new facilities from scratch. The move will also strengthen its long products portfolio by adding rebar and billets, enhancing its market positioning.

【SMM Steel】The EC has released draft implementing rules for deducting carbon prices paid in third countries from CBAM certificate obligations. Companies seeking to offset carbon taxes, fees, or trading costs must meet strict conditions: carbon costs must be directly linked to product emissions, exclude subsidies or rebates, and be backed by verifiable and traceable data. The regulation is a key supporting rule for CBAM's operational phase.