【SMM Steel】Tata Power Renewable Energy Delivers 198 MW Wind Energy Project for Tata Steel

[Grain-Oriented Silicon Steel Prices Will Remain in a Consolidation Trend Next Week, with Limited Fluctuations] Market feedback indicated that the current core downstream demand mainly came from transformer manufacturing enterprises. Affected by the industry's traditional off-season, enterprises had weak purchase willingness and mostly adopted strategies of consuming their own inventory and making small-volume replenishments on demand. Acceptance of current prices remained stable, but there was a lack of momentum for large-scale procurement, resulting in relatively weak actual transaction performance for grain-oriented silicon steel. Due to inventory pressure on some specification resources, traders had limited room for slight discounts.

[SMM Chrome Weekly Review: Transactions Softened, Ferrochrome Temporarily Stable, Futures Raised and Chrome Ore Remained Firm] March 27, 2026: Ferrochrome and chrome ore prices saw no adjustments for the time being...

[SMM Stainless Steel Daily Review] Geopolitical Disruptions Coupled With Cost Support Kept Spot Stainless Steel Stable SMM News on March 27: SS futures stopped falling and rebounded. Uncertainty remained high around news related to geopolitical conflicts, and futures were still likely to maintain a fluctuating trend. As of the midday close, the quote stood at 14,395 yuan/mt. In the spot market, affected by fluctuations in SS futures, downstream transaction demand for rigid needs had been largely released at the beginning of the week. At present, the arbitrage window in futures had closed, and spot stainless steel transactions pulled back accordingly. Stainless steel mills were currently operating at losses, and with cost support, mills still showed a strong willingness to hold prices firm, while spot prices mostly remained stable. The most-traded SS futures contract stopped falling and rebounded. At 10:15 a.m., SS2605 was quoted at 14,355 yuan/mt, down 85 yuan/mt from the previous trading day. Spot premiums for 304/2B in Wuxi were in the range of 165-365 yuan/mt. In the spot market, the average price of cold-rolled 201/2B coil in Wuxi was unchanged; for cold-rolled trim-edge 304/2B coil, the average price in Wuxi fell by 50 yuan/mt, and the average price in Foshan also fell by 50 yuan/mt; cold-rolled 316L/2B coil in Wuxi was unchanged; for hot-rolled 316L/NO.1 coil, the Wuxi quote was unchanged; cold-rolled 430/2B coil in both Wuxi and Foshan remained stable. The stainless steel market had now entered the traditional peak consumption season. Downstream end-user transactions remained steady, but market sentiment turned cautious. End-users lacked willingness to stockpile, and procurement was still mainly driven by restocking based on immediate needs. The brisk trading pattern typical of the peak season had not emerged, and overall demand remained stable and neutral. Futures...