【Sri Lanka Completes 2026/27 Coal Procurement as 60,000-Tonne Replacement Cargo Is Due on the 4th】

Cenergy Holdings' steel pipes segment, Corinth Pipeworks, has been awarded the line pipe supply package for the Rovuma LNG Phase 1 Project in Mozambique, awarded by the Area 4 partners led by ExxonMobil Moçambique. Valued between USD 200-250 million, the contract calls for approximately 250 km (120,000 tonnes) of longitudinally submerged arc welded (LSAW) steel pipes, ranging from 20 to 24 inches in diameter, for the project's offshore pipeline network, with scope also including anti-corrosion and concrete weight coating. Production will take place at Corinth Pipeworks' Thisvi facility in Greece. The Rovuma LNG project, operated by Mozambique Rovuma Venture, is expected to have a production capacity of 18.6 million tonnes per annum of LNG.

The European Commission has initiated a third expiry (sunset) review of the anti-dumping measures on certain pre- and post-stressing wires and wire strands of non-alloy steel (PSC wires and strands) originating in China, following a request submitted by the European Stress Information Service (ESIS) on behalf of the EU industry. The measures, first imposed in 2009 at a duty rate of up to 46.2% and last extended in 2021, are being reviewed amid claims that their expiry would likely lead to a recurrence of dumping and injury to EU producers. The applicant points to significant spare production capacity in China and the attractiveness of the EU market in terms of both size and price.

[Europe] European hot-rolled coil (HRC) demand remained overall weak in early September. Although high production costs and supply constraints supported elevated prices, strong resistance from downstream buyers led to a bargaining stalemate between buyers and sellers. HRC quotes in Northwest Europe fell to 735 EUR/tonne ex-works (853 USD/tonne), while Italian prices remained flat at 733 EUR/tonne ex-works (851 USD/tonne); meanwhile, mill attempts to push prices higher proved difficult to implement due to sluggish downstream demand. Demand in the German market was particularly lackluster, exposing overcapacity among service centers, while Italian service centers also struggled to pass on costs to downstream consumers. Furthermore, with the new import quota reset approaching on October 1, the market is closely monitoring the quota clearance and pre-allocation of arriving resources. Currently, a strong wait-and-see sentiment among buyers coexists with firm mill pricing, bringing overall trading to a near standstill.