June 11 Shagang Industrial Wire Rod Price Adjustment

【SMM Steel】Atlas Tube, a Zekelman company, has agreed to form a joint venture with Maruichi USA combining their North American steel tube operations under Atlas Tube’s management. The JV is expected to be finalized in late June 2026. Zekelman has 17 manufacturing locations across North America with over 3200 employees and 3.3 million tonnes of annual capacity. Maruichi USA operates six facilities across the US and Mexico serving automotive construction and infrastructure sectors. Maruichi Leavitt Pipe & Tube has over 65 years of manufacturing history producing ASTM A500 A513 A53 and JIS G3445 specifications.

【SMM Steel】On June 9 2026, Vallourec and Ultra Corpotech Pvt Ltd signed a Memorandum of Understanding to deploy VAM threading capabilities near Mumbai, India. A dedicated threading cell is scheduled for implementation in late 2026 with commissioning in early 2027, aiming to provide premium thread protection and related services for the Indian oilfield services sector. The asset-light cooperation allows both parties to respond quickly to regional demand with minimal capital footprint. Vallourec will license its VAM threading and inspection technology along with quality control system support. The agreement reflects a strategic shift for Vallourec as the company expands access to its premium connection technology through local partners in Asia, following similar agreements with Vietnam Process Equipment and Technology Joint Stock Company in March 2025 and Saudi Arabia's Industrial Investment Company in November 2025.

【SMM Steel】Mexican steelmaker TYASA started operations of its Special Steels project phase one on May 25, with $250m investment and 400,000 tonnes annual capacity. The new facility produces round bars 0.5-4 inches and hot-rolled flat bars 2-4 inches wide, serving automotive metalworking oil gas energy and toolmaking sectors. Total capacity reached 1.6 million tonnes per year, making TYASA the only Mexican producer across commercial long products flat steels and special steels. Inspection lines cold finishing and heat treatments will join operations in Q3.