[SMM Steel]

PT Krakatau Steel (Persero) Tbk (KRAS), through its subsidiary PT Krakatau Pipe Industries (PT KPI), has partnered with state electricity company PT PLN (Persero) to supply about 50,000 steel poles to support the development of Indonesia’s electricity infrastructure. The contract was signed on Friday, October 30, 2026, by PT KPI’s Acting Commercial Director Rony Yanuardi and PLN’s Suroso Isnandar. The companies said the deal supports the government’s goals of energy independence and industrial downstreaming, and reflects confidence in PT KPI’s ability to supply quality steel pipe products for national power infrastructure.

[Sheets & Plates] Some export prices for hot-rolled coils and other sheets & plates remained stable WoW today, with HRC transaction prices concentrated in the $478-485/mt range. Ex-China wait-and-see sentiment was relatively strong, and market transactions were moderate. Some steel mills in the north and south maintained relatively high offers, but second-tier export producers lowered prices, with actual transaction prices near $475/mt. Inquiries from the Middle East improved recently compared with the earlier period.

NTPC reported a 25.7% year-on-year increase in consolidated profit after tax (PAT) to INR 14,247 crore in H1 FY27, while standalone PAT rose 13.1% to INR 10,662 crore. In Q2 FY27, consolidated PAT increased 40.68% to INR 7,351 crore, compared with INR 5,225 crore last year, while standalone PAT grew 14% to INR 5,320 crore. Consolidated revenue from operations stood at INR 54,270 crore in Q2, up 21.2% year-on-year. During H1, NTPC Group's power generation increased 10.4% to 236 billion units, while installed capacity reached 91,506 MW. Strong coal-based power generation supports reliable electricity supply to energy-intensive industries, including steel. However, the results do not indicate any immediate change in industrial power tariffs or steel production costs.