[SMM steel mill guidance price] the spot daily guidance price of Wuxi Taiyuan Iron and Steel Co., Ltd. on May 28th was 100 yuan / ton lower than that of yesterday.

Ferroglobe’s South African unit has warned it may halt its remaining furnace operations unless it receives electricity tariff relief by Wednesday. The company, which produces ferrosilicon crucial for steel and stainless steel production, cited a 900% surge in electricity prices since 2007, which now accounts for over half of its total production costs. With an impending 9% Eskom tariff hike, continued operations are deemed financially unviable. Industry leaders highlighted a growing disparity: while government tariff relief talks have prioritized ferrochrome producers, other alloy smelters are left exposed. If a workable tariff (estimated at 62c/kWh) is not granted, Ferroglobe will initiate widespread retrenchments in early April and may shift production entirely out of the country.

According to corporate reports, Jindal Stainless is making its Indian Premier League (IPL) debut by partnering with the Sunrisers Hyderabad (SRH) franchise as its Official Stainless Partner. This strategic alliance aims to significantly enhance brand visibility, connect with a younger demographic, and showcase the diverse applications of stainless steel, from industrial pipes to kitchenware. As India's largest stainless steel producer, the company reported a substantial annual turnover of $4.27 billion (₹40,182 crore) in FY25. Through this high-profile sports endorsement, Jindal Stainless seeks to reinforce its modern brand image while aggressively pursuing an expansion of its melt capacity to 4.2 million tonnes per annum by FY27.

According to market reports, India's leading stainless steel manufacturer, Jindal Stainless, has announced its debut association with the Indian Premier League (IPL) by becoming the "Official Stainless Partner" for Sunrisers Hyderabad. The partnership includes exclusive branding rights across key product segments, such as stainless steel pipes, tubes, rebars, and kitchenware. By leveraging in-stadium activations, digital integrations, and premium content featuring players, Jindal Stainless aims to expand its brand visibility and connect with younger audiences. The company hopes this sports collaboration will shift the perception of stainless steel from a purely industrial material to a versatile, everyday consumer product.