MMi Daily Iron Ore Report (May 25)

[SMM Steel] Indian state-owned steelmaker RINL issued a global export tender for 60,000 mt of prime continuous cast steel billets on an FOB stowed basis, with shipment required by July 20, 2026. The tender covers 3SP and 4SP billets in 150x150 mm and 200x200 mm sizes. Buyers must submit bids by May 26, with offers valid until May 30. The minimum bidding volume is 30,000 mt, with additional quantities allowed in 5,000 mt multiples. Payments will be conducted through irrevocable sight letter of credit terms.

[SMM Steel] Feralpi Stahl, part of Italy’s Feralpi Group, is increasing annual steel capacity at its Riesa plant in Germany from 1 million mt to 1.3 million mt through a new Danieli rolling mill commissioned last May. The new facility currently operates on a two-shift basis and is expected to receive final equipment certification this summer. The mill targets annual rebar-in-coil output of 400,000-450,000 mt, with plans to shift to three-shift operations by 2027 depending on market conditions. The company also said it will continue investing in scrap processing operations.

[SMM Steel] Italian plantmaker Danieli announced that Ramsarup Industries, a subsidiary of Shyam Metalics & Energy, selected Danieli to supply a new special bar quality (SBQ) mill for its Kharagpur Works in India. The mill is scheduled to start operations in early 2027 with annual production capacity of 600,000 mt of finished long products. Danieli said the facility will use advanced Morgårdshammar SBQ technology and support production flexibility across special steel rounds, bar-in-coil, and commercial-grade bars.