[SMM Iron & Steel] ArcelorMittal Finalizes €1.3 Billion EAF Investment in France

Stainless Steel Daily Review: SS Futures Largely Stable, Spot Market Cautiously Watchful SMM, February 27 – SS futures traded steadily. The upward momentum in SS futures driven by news has largely subsided, with prices holding largely stable during the session. By the pre-noon close, the most-traded contract was quoted at 14,095 yuan/mt. In the spot market, SS futures remained temporarily steady. Although market participants maintained a bullish sentiment, downstream buyers were still partially on holiday, leading to weak purchasing interest. Coupled with consecutive price increases after the holiday, cautious sentiment strengthened, and prices held largely stable during the day. The most-traded SS futures contract strengthened and edged higher. At 10:30 a.m., the most-traded SS2604 contract was quoted at 14,150 yuan/mt, down 165 yuan/mt from the previous trading day. In Wuxi, spot premiums/discounts for 304/2B were in the range of 320-520 yuan/mt. In the spot market, cold-rolled 201/2B coils in Wuxi held largely stable; cold-rolled mill-edge 304/2B coils in Wuxi and Foshan held largely stable; cold-rolled 316L/2B coils in Wuxi rose 125 yuan/mt; hot-rolled 316L/NO.1 coils in Wuxi increased 200 yuan/mt; cold-rolled 430/2B coils in both Wuxi and Foshan held largely stable. This week marked the first week after the Chinese New Year holiday, with the stainless steel market gradually recovering. SS futures strengthened and edged higher, driven by rising expectations for the traditional peak consumption season of "Golden March, Silver April" and ongoing developments related to Indonesian nickel ore. Market participants exhibited strong bullish sentiment. However, the recovery pace in the spot market remained slow, as some traders and downstream end-users had not yet resumed operations. Market trading activity had not fully recovered, with only limited rigid demand orders observed during the week...

[SMM Ferrochrome Daily Review: Chromium Market Remained Stable in the First Week After the Holiday, Trading Activity Was Moderate] February 27, 2026: Today, the ex-factory price of high-carbon ferrochrome in Inner Mongolia remained unchanged MoM from the previous trading day.