MMi Daily Iron Ore Report (Aug 9)

【SMM钢铁】全球领先的法国优质无缝管材解决方案供应商瓦卢瑞克已与加州资源公司合作，支持位于克恩县Elk Hills油田的Carbon TerraVault I项目。该项目是加州首个获得美国环保署VI级许可证的碳捕集与封存设施，利用瓦卢瑞克的先进管材解决方案将二氧化碳注入枯竭油气藏。为确保长期封存安全，瓦卢瑞克提供了集成VAM® 21优质扣的耐腐蚀合金管材。CTV I项目计划于2026年春季启动，目标年封存146万吨二氧化碳，助力加州到2045年实现碳中和。该项目还采用了瓦卢瑞克CLEANWELL®无丝扣油技术，以实现更可持续的陆上作业。VAM®现场服务专家提供现场支持，确保多种规格管柱及附件的顺利运行。

【SMM Steel】Alleima's Kanthal opened a new service center in Concord, NC, to meet rising US demand for high-temperature heating solutions. The facility expands Globar® SiC heating element production, supporting electronics, glass, and steel manufacturers to replace fossil fuels with electric alternatives. The elements operate up to 2,950°F, cutting CO₂ and improving efficiency. The Concord site is part of an $11m global investment, increasing capacity 40%. US customers now benefit from local production of metallic and SiC elements.

[SMM Stainless Steel Daily Review] SS Futures Moved Sideways, Stainless Steel Spot Trading Was Mediocre and Struggled to Rise On April 9, SMM reported that SS futures continued to move sideways. The US and Iran temporarily ceased fire, but geopolitical conflicts had not truly subsided, and uncertainty at the macro perspective remained elevated. SS futures failed to extend the previous rally and mainly moved sideways, closing at 14,320 yuan/mt as of the midday session. In the spot market, affected by the pause in the futures rally, the stainless steel spot market still saw some inquiry activity, but actual transactions were still dominated by low-priced sources; traders attempted to slightly raise their quotes, but actual transaction gains were limited. The most-traded SS futures contract moved sideways. At 10:15 AM, the most-traded SS2605 futures contract was quoted at 14,290 yuan/mt, up 25 yuan/mt from the previous trading day. Spot premiums for 304/2B in the Wuxi area were in the range of 180-380 yuan/mt. In the spot market, the average price of cold-rolled 201/2B coils in Wuxi fell by 100 yuan/mt; for cold-rolled trimmed-edge 304/2B coils, the average price in Wuxi rose by 50 yuan/mt, while the average price in Foshan remained stable; cold-rolled 316L/2B coils in the Wuxi area fell by 200 yuan/mt; hot-rolled 316L/NO.1 coils were quoted flat in Wuxi; cold-rolled 430/2B coils in both Wuxi and Foshan remained stable. The stainless steel market is currently in the traditional peak consumption season of "Golden March and Silver April." Downstream demand fundamentals have recovered compared to the earlier period, with end-user procurement continuing at a just-needed pace, and the overall trading volume was sufficient to hold quotes firm for basic market vitality. However, affected by macro news disturbances and futures fluctuations, downstream end-user clients still...