[Italian imported scrap prices flat as demand holds, rail logistics stay disrupted]

The European Parliament voted 464-50 on Sept 15 to extend CBAM to downstream steel and aluminium goods such as fasteners, wire and springs, targeting carbon leakage. Eurometal president Alexander M. Julius called the vote a step forward but said scope is incomplete, implementation too slow and carbon-cost-bearing EU exporters unsupported; CBAM alone cannot offset higher steel prices and regulatory burdens. The federation wants all steel- and aluminium-intensive products covered faster, a call echoed by Germany's Wirtschaftsvereinigung Stahl. Eurofer backed the motion but sought stronger anti-circumvention rules; director general Axel Eggert said mills are investing billions of USD in low-carbon steel and need a level playing field. CBAM and the revised safeguard lifted 2026 prices: domestic HRC at 788 USD/tonne ex-works Ruhr and 783 USD/tonne in Italy, up 119 USD/tonne; imported HRC at 632 USD/tonne CIF Antwerp and 626 USD/tonne in Southern Europe, up 92 USD/tonne.

China Steel Corporation (CSC), Taiwan's largest carbon steel producer, is expected to raise November domestic steel plate prices, driven by surging Asian hot-rolled coil (HRC) offers that have also lifted Taiwan's local HRC spot prices. CSC normally announces next-month prices late in each month, and its list is a benchmark for downstream shipbuilding, machinery and steel structure users. The expected hike reflects firmer regional costs as major Asian mills raised export offers and Chinese quotations stayed firm, narrowing the gap between imported and local material. Regional trade remedies add to the bullish mood: Taiwan has finalised a positive dumping determination on electrical steel from South Korea and China, while Indonesia opened an anti-dumping probe into China-origin galvanised steel. No price figure was disclosed.

Tata Steel shares traded near 2.13 USD (187.30 rupees) on the BSE on September 18, 2026, down 0.8%-0.93% and lagging its sector by 1.09 percentage points, with market capitalisation of about 26.6 billion USD. Motilal Oswal maintained a Buy rating and a 2.50 USD (220 rupees) target, implying roughly 17% upside. The company voluntarily disclosed a 68.3 score and Grade B from SES ESG Research, placing it mid-to-upper tier among Indian industrials. Its trailing P/E of 19.76 sits below the sector average of 24.13, alongside EPS of 8.84 rupees, ROE near 11.0% and ROCE of about 12.7%. The Calcutta High Court blocked certain Steel Development Fund loan proceeds, a legal overhang on project financing; Tata group stocks shed about 5.3 billion USD that session, Tata Steel alone some 245 million USD.