[SMM Iron & Steel] Aditya Birla Group Restarts Iron Ore Trading Operations in India

[Focusing on Key Levers Such as the "Six Networks" and the "Two Major Tasks," Signals to Step Up Stabilizing Investment Continue to Be Released] From a series of special meetings on promoting effective investment to the national investment work promotion meeting, relevant authorities have recently released signals to intensify and accelerate efforts to stabilize investment. Experts expect that follow-up work to stabilize investment will focus on areas such as the "Six Networks" and the "Two Major Tasks," strengthening project planning, reserves, and construction implementation, while accelerating the disbursement and use of funds from special bonds, new-type policy-based financial instruments, and other sources to speed up the formation of physical workload.

[SMM survey: Central China rolling line weekly survey: market sentiment recovers, rebar and wire rod supply in Central China edges up] During the survey period (August 25-August 31), the operating rate of rebar rolling lines in Central China remained flat, the capacity utilization rate edged up, and wire rod supply stayed stable.

On August 31, 2026, Zenith Steel Mill released the price adjustment for the September 1 period. I. Price Difference Compensation for the August 2 Period: 1. Wire rod: 90 2. Rebar: 110 II. Provisional Prices for the August 3 Period: 1. Wire rod: 3,520 2. Rebar: 3,200 III. The benchmark monthly discount rate for acceptance bills has been adjusted to 0.48‰ [SMM Steel]