[Mining Experts Say Aceh Holds All Three Key Raw Materials to Build an Integrated Steel Industry]

Shyam Metalics and Energy's carbon-steel flat-product sales increased 164.4% year on year to 31,742 tonnes in September 2026, according to the company's latest monthly business update. Sales of metallics, including pellets, sponge iron and pig iron, increased 54.9% year on year to 314,238 tonnes, while stainless-steel sales rose 35.1% to 9,778 tonnes. Carbon-steel long-product sales, comprising billets and long products, declined 8.4% year on year to 135,963 tonnes. During Q2 FY27, flat-steel sales increased 64.5% quarter on quarter to 81,493 tonnes, while metallics sales rose 11.1% to 943,020 tonnes.

The Competition Commission of India (CCI) has approved the proposed amalgamation of BMM Ispat into JSW Steel as part of an internal restructuring of the JSW Group. JSW Group currently holds a 58.47% stake in BMM Ispat through JSW Projects. Prior to the amalgamation, JSW Projects will acquire an additional 4.15% stake in BMM from an existing third-party shareholder. BMM operates an approximately 1 million tonnes per annum integrated steel plant in Karnataka, producing semi-finished and long steel products. The company is already commercially integrated with JSW Group's supply chain through intra-group sales and procurement. The restructuring is aimed at consolidating JSW Group's interest in BMM into full ownership and improving operational, financial and organisational efficiencies.

[Indonesia] HRC prices in Indonesia currently stand at USD 520/tonne FOB and remain generally stable. Based on available market information, however, concerns about a potential price rise are becoming more apparent, driven by rising raw material costs and higher slab prices in other regions, which are likely to push up HRC and its derivative products. These concerns have not yet been reflected in concrete price movements and need closer monitoring. Alongside demand, this could become another factor influencing sheet product prices.