[SMM Steel] Algoma Steel posts wider Q1 loss amid EAF transition and US tariffs

[SMM HRC Daily Trading] On May 14, the combined daily HRC trading volume of SMM's sample enterprises across four cities (Shanghai, Lecong, Tianjin, Ningbo) totaled 14,510 mt, down 10 mt or 0.1% DoD, down 11.36% YoY (solar calendar), and up 32.15% YoY (lunar calendar).

SMM News Flash: Indian HRC SAE1006 offers to Vietnam dropped to 590-595 USD/tonne CFR for July shipments, below offers from Formosa Ha Tinh Steel and other overseas suppliers. However, market transactions remained limited as most Vietnamese buyers had already booked sufficient domestic volumes, particularly from Hoa Phat, according to market participants.

【SMM Steel】Tata Steel IJmuiden has signed a cooperation agreement with low-carbon cement technology company Ecocem to develop new applications for steelmaking slag in cement and concrete production, targeting lower CO₂ emissions and greater circularity in construction. The companies have signed an MoU. Unlike widely used blast furnace slag, these materials are currently underutilized. By replacing clinker—the most carbon-intensive ingredient in cement—these slag-based materials can significantly cut emissions while creating value from industrial by-products. The partnership supports Tata Steel's Groen Staal decarbonization program and expands sustainable material options for the construction industry.