[TISCO secures 243,000 mt in steel demand through Thai Nguyen project connections]

Hydnum Steel has secured a €150 million investment from COFIDES, Spain’s state-owned development finance institution, to build the Iberian Peninsula’s first eco-friendly steel plant in Puertollano, Ciudad Real. The plant will produce 2.7 million metric tons of steel sheet per year using EAF technology powered by renewable electricity and green hydrogen, thereby reducing emissions by up to 98% compared to conventional steelmaking processes using blast furnaces. This investment is part of a broader €1.5 billion financing package supported by Spain’s PERTE II decarbonization program. The program will help meet the demand for eco-friendly steel while reducing environmental impact.

[Indonesia] There have been slow market movement regarding the billet as the price ranges from 455 to 458 USD/metric ton FOB. This happen because there are no significant changes in terms of the demand for construction. Previously, this low price might attract the foreigners to buy it, however there is no news about that hence the market is slow from that side as well.

The UK Department for Business and Trade has confirmed that anti-dumping duties on certain cold-rolled steel sheet products from China and Russia expired on August 5, 2026. These duties were originally imposed by the European Union and incorporated into UK law following Brexit. There has been no announcement regarding an extension or replacement measures, so the affected product categories under the UK’s Global Tariff codes remain open to new imports without further review.