[Total Electricity Consumption in March 2026 Up 3.5% YoY]

【SMM Steel】Abu Dhabi's Metal Park will launch a new cut-and-bend rebar facility in Q2 2026, adding 25,000-30,000 t/m of capacity (~10-12% of UAE monthly usage). The project supports large infrastructure/energy projects by providing precision-processed steel. Integrating storage/fabrication reduces on-site congestion. The platform uses a pay-as-you-go model, allowing scale without large upfront capital. Commissioning is underway; full ops expected within six months.

【SMM Steel】Erciyas Steel Pipe completed pipe production/delivery for Morocco's drinking water project. The $76m contract supports a desalination initiative to secure water supplies for the Marrakech region. The manufacturer and partner provided materials on schedule. Local institutions continue construction. Erciyas is negotiating additional opportunities. Morocco intends to extend the partnership based on delivery performance. Both parties aim to expand collaboration across upcoming infrastructure developments.

【SMM Steel】The USDOC rescinded an AD review on UK cold-rolled steel flat products after finding no subject goods entered the US during the Sep 1, 2024 - Aug 31, 2025 review period. US producers requested the investigation in Sep 2025, and the USDOC initiated a review in Dec. With no opposition to its Dec 18 intent to revoke, the cancellation was finalized. The absence of import transactions removed the basis for continued action. The inquiry into UK cold-rolled steel imports has concluded.