[SMM Steel] Decline in Indonesian Billet Prices

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 15 Sep , 2026

Ukrainian steelmaker Zaporizhstal, part of Metinvest Group, was hit by four ballistic missiles on the night of September 12, sustaining critical damage to its blast furnace and open-hearth sections, power systems, and logistics infrastructure, with four employees injured. Production at the plant had not resumed following two earlier attacks on August 11 and 27, meaning no technological emergency risk existed at the time of the strike. Metinvest COO Oleksandr Myronenko said the plant is a civilian facility producing pig iron and steel, noting that damage has worsened with each successive attack.

ArcelorMittal and Spanish energy company Moeve have launched a 50-50 partnership, the Green Molecules to Green Steel (G2G) platform, to develop technologies supporting low-emissions steel production and industrial decarbonization, pending regulatory approval. The platform will combine the companies' expertise in innovation and energy solutions, financed through their own resources and public support, with the Asturian Agency for Science, Business Competitiveness and Innovation (Sekuens) also contributing. Focus areas include green molecules such as biomethane, renewable hydrogen and its derivatives, second-generation biofuels, carbon capture technologies, and AI for developing new materials, with industrial demonstrators planned for future scale-up at production facilities.