【SMM Steel】Panhua Group nears launch of new galvanizing line in Philippine steel project’s first phase

On May 31, 2026, Zenith Steel released its pricing policy for the first ten days of June. I. Supplementary price adjustment for the third ten days of May: 1. Wire rod: 125 2. Rebar: 165 II. Provisional prices for the first ten days of June: 1. Wire rod: 3,650 2. Rebar: 3,450 III. The benchmark discount rate for acceptance bills was adjusted to 0.8‰ [SMM Steel]

Recently, the ACC cooling system renovation project for the 4100mm wide and heavy plate area of Baosteel Thin Plate Plant, with overall design by Baosteel Design Institute, successfully achieved a one-time hot load test run. This key renovation will comprehensively reshape the technological landscape of Baosteel's wide and heavy plate products, injecting strong momentum into the enterprise's high-end steel capacity upgrade. Centered on system upgrading and capability enhancement, this renovation upgraded the original ACC laminar cooling system, simultaneously added a pre-straightening machine, and comprehensively optimized supporting auxiliary facilities including water treatment, automation, power supply and distribution,

Vietnam News Agency reported on May 25 that the World Steel Association (Worldsteel) recently released the list of the world's top 10 crude steel producing countries, with Vietnam making the list for the first time. Specifically, the World Steel Association estimated that Vietnam's crude steel (steel billet) production reached 2.1 million mt in April 2026, up 4% YoY. With this production volume, Vietnam surpassed Italy and entered the global top 10 steel producing countries for the first time. In the first four months of this year, Vietnam's cumulative crude steel production reached 8.5 million mt, up 8.4% YoY. According to information released by the Vietnam Steel Association, Vietnam's steel industry has achieved leapfrog development in both production scale and product variety.