[EU Launches Expiry Review of Chinese Wire Rod Anti-Dumping Duties, Existing Tariffs Remain in Force]

[SMM Steel] Market feedback indicates that for Q235B HRC with specifications of 3.5*1250*C, the FOB transaction price was $490/mt, with shipment from Fangchenggang Port.

[Vietnam] Vietnam's imported HRC market remained weak, with the ASEAN HRC assessment declining by USD 1/tonne to USD 534/tonne CFR Vietnam. Offers for Indonesian SAE1006 HRC fell to USD 534–535/tonne CFR, while mainstream indications stood at USD 535–540/tonne. Vietnamese buyers targeted USD 530–532/tonne CFR or lower, showing limited interest in restocking after securing sufficient domestic supplies earlier this month. Meanwhile, planned maintenance at Indonesian mills discouraged sellers from accepting lower bids, leaving negotiations at a standstill.

India's National Company Law Tribunal (NCLT) approved the merger of Piombino Steel Limited into JSW Steel on October 16, according to an October 17 exchange filing. Piombino Steel, in which JSW Steel holds an 82.65% stake, serves as a holding company for investments linked to Bhushan Power & Steel Limited, which operates an integrated steel complex in Odisha. The merger will enable JSW Steel to hold these investments more directly, reducing corporate layers and simplifying ownership and administrative processes. Under the approved arrangement, eligible Piombino Steel shareholders will receive 10 JSW Steel shares for every 156 Piombino Steel shares held. The merger will become effective following the required filings with the Registrar of Companies. The development represents a corporate restructuring rather than additional steelmaking capacity, with no immediate change in steel production or market supply.