[European Parliament widens CBAM to downstream steel and aluminium goods; industry says level playing field still missing]

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.

Italian mills' imported scrap contracts with European suppliers are flat this month, tracking wider European stability. Long product mill demand is solid, with some buyers seeking extra volumes after the August break; mills prefer imports to avoid over-pressuring the fragmented domestic market. Rail works between Germany, Italy and eastern Europe delay deliveries; a German source cites wagon shortages, while the Tarvisio corridor near Austria shut for a month from 20 August. An eastern European seller sold only small tonnages in August-September; many expect prices to rise moderately next month, following Turkey, with demand hinging on finished steel. E40 shredded delivered at 386.6-392.3 USD/tonne from western Europe, about 381 USD/tonne from eastern Europe; E3 at 363.6-369.4 USD/tonne to northern Italian mills; E1 at 351.9-363.5 and E8 mixed at about 375 USD/tonne.

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.