MMi Daily Iron Ore Report (March 16)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 29 Sep , 2026

POSCO officially broke ground on its KRW 480 billion ($360 million) No. 8 continuous galvanizing line (8CGL) at its Gwangyang Works in South Korea. Dedicated to processing high-value automotive steel sheets, the new line is strategically designed to expand POSCO's output of advanced high-strength galvanized steel for global automakers undergoing light-weighting and electric vehicle transitions. [SMM Iron Ore]

Pakistan's Pak Steel is considering an investment project to produce rebar and other steel products in Uzbekistan, with prospects for the joint venture discussed between Uzbekistan's Ambassador to Islamabad, Alisher Tukhtaev, and Pak Steel Director Hassan Farid. According to Farid, high electricity costs in Pakistan are weighing on production costs and competitiveness, prompting the company to consider Uzbekistan, where energy resources are more accessible, as a potential site for new production facilities. Other factors under consideration include available industrial zone infrastructure and investor incentives, with Pak Steel also expressing interest in participating in housing, hotel, dam, and transport infrastructure projects in the country.