[Essar Group lên kế hoạch xây nhà máy thép tích hợp 15 tỷ USD tại Iowa, mục tiêu sản lượng vào năm 2030]

[Europe] European mills are attempting to push offer prices higher for December production schedules. Although underlying demand remains subdued, concerns over tightening import availability and domestic operational disruptions are gradually taking center stage. In terms of pricing, Northwest European HRC ex-works prices ticked up slightly to 729 EUR/tonne EXW (~819 USD/tonne), while the Italian domestic price softened to 735 EUR/tonne EXW (~826 USD/tonne). A service center in Northern Europe noted that low-priced cargoes secured earlier are no longer attainable, with fresh mill offers climbing to 740–760 EUR/tonne DDP (~831–854 USD/tonne). In Southern Europe, mainstream mills broadly anchored delivered offers at 740 EUR/tonne DDP, though producers frankly admitted that their outlook for subsequent market trends remains unoptimistic. On the import and quota front, as provisional anti-dumping duties on Turkish HRC are still being calculated and anticipated to be steep, European buyers are broadly withdrawing customs clearance filings for Turkish material to avert duty risks. Quota tracking data revealed that Turkey exhausted its dedicated country-specific quota today, consequently forfeiting access to the residual Free Trade Agreement (FTA) quota reserve; India has cleared 103,000 tonnes, leaving approximately 46,000 tonnes remaining. With substantial volumes of arriving shipments deferred, the market widely anticipates this rollover will severely congest and exhaust import quota capacity in the first quarter of next year.

[Turkey] Turkish domestic rebar prices remained locked in a downward channel, with benchmark ex-works levels temporarily holding at 615 USD/tonne EXW (excluding VAT). Regionally, Iskenderun traders lowered offers to 610 USD/tonne EXW, while Marmara mills followed suit by cutting prices by 5–10 USD/tonne to 630–640 USD/tonne EXW. However, buyer counter-bids remain exceptionally low, with traders noting that cash-purchase floors have retreated to 600 USD/tonne. On the macro front, the financial reverberations following the liquidation of over 100 investment funds in September continue to spread, further tightening market liquidity and dampening business confidence. In the semis sector, domestic Turkish billet held at 570 USD/tonne EXW amid an enduring stalemate of weak supply and sluggish demand. On imports, due to the Chinese holiday closure and shipping hurdles in the Black Sea, Turkish imported billet consolidated at 520 USD/tonne CFR. Russian suppliers noted that Baltic port transshipment remains constrained due to rail capacity prioritizing grain exports, though several bulk carriers laden with steel products have recently arrived at Turkish ports. Crucially, maritime security across the Black Sea has deteriorated sharply; following the October 5th vessel sinking, two dry bulk carriers were attacked within Bulgaria's exclusive economic zone on October 6th. This spike in geopolitical tension is expected to inflate regional freight risk premiums, threatening severe disruptions to Turkey's maritime steel trade routes.

EraNova Metals đã nộp báo cáo kỹ thuật PEA theo chuẩn NI 43-101 cho dự án molybdenum Adanac thuộc sở hữu 100% tại Canada. Báo cáo xác nhận kết quả ngày 6 tháng 8 mà không có khác biệt đáng kể. Hoạt động khai thác đề xuất công suất 30.000 tấn/ngày có tuổi thọ mỏ 24 năm và mục tiêu sản lượng molybdenum trung bình hằng năm là 11,4 triệu lb (khoảng 5.171 tấn), với 270,1 triệu lb (khoảng 122.515 tấn) molybdenum phải trả trong suốt vòng đời mỏ. Vốn đầu tư ban đầu ước tính 953,3 triệu CAD. EraNova dự kiến khởi động nghiên cứu khả thi và thúc đẩy đánh giá môi trường cùng cấp phép. PEA vẫn ở mức sơ bộ, chưa có quyết định đầu tư cuối cùng hay lịch trình sản xuất.