SMM Statistics on Port Shipments of Steel Products under Domestic Trade during January 28-February 3

India's German Green Steel and Power listed on the BSE on Monday at 1.65 USD per share, a 3.2% premium to its 1.60 USD IPO price, but profit-taking drove it 8% below the offer price to a day low of 1.46 USD. The pre-listing grey market premium implied just a 6.8% gain. The mainboard IPO, open September 25-29, was subscribed 28.98 times, with retail at 22.83 times, non-institutional investors at 54.03 times and QIBs at 20.93 times. The 35 million USD issue, including a 33 million USD fresh sale, will fund the Samakhiyali plant expansion, a hybrid wind-solar plant and debt repayment. The integrated producer makes TMT bars, MS billets and sponge iron at two Gujarat plants; FY24-FY26 revenue rose from 130 million to 193 million USD, EBITDA from 9.1 million to 19.2 million USD, and net profit from 4.8 million to 9.2 million USD.

South Africa is moving to ban cash sales of scrap metal under amendments to the Second-Hand Goods Act, aiming to curb illicit trade and infrastructure vandalism that costs about 45 billion rand (2.5 billion USD) a year. Dealers must retain sellers' data and switch to electronic payments, logging each acquisition or disposal; recyclers must record waste pickers' names and ID numbers. Foreign nationals without verified permanent residency lose trading licences, and gold and chrome are also covered. Stolen cable on Transnet rail lines rose from 120km to 724km a year between 2017 and 2021, with incidents up from under 2,000 to nearly 4,500. Copper theft costs Eskom 5-7 billion rand (280-390 million USD) yearly, plus 2 billion rand (110 million USD) to replace cable. The cabinet approved the bill for public comment in August, with a November 2 deadline.

India's Steel Exchange India Limited reported record monthly and quarterly rebar output at its rolling mill, with September 2026 production of 25,095.035 tonnes beating the prior monthly high of 24,823.509 tonnes set in August by about 271.5 tonnes. The continuous casting machine contributed 17,677.655 tonnes and the reheating furnace 7,417.380 tonnes. Monthly output climbed from 19,698.880 tonnes in July to 24,823.509 tonnes in August and 25,095.035 tonnes in September, lifting July-September volumes to a record 69,617.424 tonnes and pointing to a firmer operating run at the mill. The company filed the figures as an operational update under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. Shares traded at about 0.13 USD (11.23 Indian rupees), up 0.09%, on October 5.