[SMM Shanghai HRC Inventory] Shanghai Inventory Declined at a Faster Pace This Week

【SMM Steel】Hoa Phat now generates ~90% of its production electricity internally, keeping grid reliance at 10% for backup. Deputy Director Nguyen Do Dung said using waste heat and gases for power cuts costs by trillions of Vietnamese dong annually without consuming fossil fuels. The group also integrates energy-efficient equipment and recycles saturated heat across its major steel complexes. Hoa Phat plans to install 100 MWp of rooftop solar systems by year-end, including a 79.2 MWp project at Dung Quat.

【SMM Steel】Kazakhstan-based steelmaker Qarmet has started active construction of its new long-product rolling mill at the Temirtau site. The facility will have annual capacity exceeding 540,000 tonnes, producing A600 and A1000 high-strength rebar, angle steel, and channel steel. Qarmet said the investment will support technology upgrades, improve efficiency, and expand its portfolio of high-value steel products.

【SMM Steel】UAE-based EMSTEEL has launched a new high-strength rebar product called ES600. The product offers higher strength than conventional rebar, reducing steel consumption by 18-24%. Every 10,000 tonnes of ES600 cuts ~12,107 tonnes of CO₂ emissions. In skyscrapers, it can save roughly one tonne of carbon per floor. ES600 was developed to meet growing demand for high-performance, eco-friendly construction materials in the Middle East.