[SMM Steel] Feralpi Stahl Expands Rebar Capacity at Germany’s Riesa Plant

[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] 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.

[SMM Steel] The UK is seeking exemptions from the EU’s upcoming steel import restrictions as London and Brussels continue post-Brexit trade negotiations. The EU plans to reduce tariff-free steel quotas and raise out-of-quota tariffs to 50%, while the UK is also preparing similar measures, including a 60% reduction in tariff-free quotas and 50% tariffs above quota limits. UK Trade Minister Chris Bryant said restrictive measures between the UK and EU would be counterproductive, arguing that global overcapacity, particularly from China, remains the core issue affecting European steel markets.