Trump Claims "Fierce Strikes" on Iran, Disagreement Over Strait of Hormuz Navigability

Luxembourg-based stainless steel producer Aperam has published its alloy surcharge adjustments for European austenitic stainless steel flat products for July, effective July 1, 2026. The surcharge for 304 decreased to EUR 2,339/ton from EUR 2,365/ton in June; 316L rose to EUR 4,089/ton from EUR 4,056/ton; 309S declined to EUR 3,151/ton from EUR 3,192/ton. Ferritic grade 409 edged up slightly to EUR 919/ton from EUR 917/ton.

China's TISCO has successfully developed a specialized cryogenic membrane stainless steel for LNG vessels, breaking international technological monopolies in the segment. The material has received GTT certification and approvals from multiple classification societies, enabling deliveries to five major Chinese shipyards for use in over 30 LNG carriers. The 18% chromium, 10% nickel austenitic stainless steel maintains toughness, corrosion resistance, and structural stability at -163°C, with a 1.2mm corrugated design that absorbs thermal expansion and contraction stress to accelerate shipbuilding timelines. Compatible with the MARK III LNG cargo containment system, the product has entered active commercial supply, marking a significant milestone for China's advanced marine-grade specialty steel in the energy and shipbuilding sectors.

Steel Authority of India Limited (SAIL) and Indonesia's PT Krakatau Steel have signed a joint venture agreement to establish a stainless steel slab plant in Indonesia with an annual production capacity of 500,000 tonnes. The project aims to strengthen industrial cooperation between the two companies and support the development of stainless steel production in Indonesia, with the planned facility focused on manufacturing stainless steel slabs for further processing and downstream applications. The partnership marks a significant step in expanding regional stainless steel manufacturing capabilities and reflects growing India-Indonesia collaboration in the steel sector.