SMM

【SMM Stainless Steel Market】South Korea's POSCO announced that its wholly-owned subsidiary, POSCO Logistics, has completed registration in Vietnam and will commence operations in December. POSCO has a substantial presence in Vietnam, with POSCO VST serving as a core stainless steel production base. The new logistics entity aims to integrate previously scattered logistics contracts from various subsidiaries, creating a unified management system. This move is expected to significantly improve logistics efficiency, reduce costs, and enhance delivery precision for steel products, including stainless steel, covering the entire chain from raw material imports to finished product exports.

【SMM Stainless Steel Market】Shandong HG Engineering Equipment Co., Ltd. (HGMC), a leading Chinese supplier, is expanding its global footprint in the commercial brewing industry with its high-precision stainless steel beer fermentation tanks. With over two decades of experience and exports to more than 120 countries, HGMC provides complete turnkey solutions, particularly targeting emerging markets in Central Asia and Russia along the Belt and Road Initiative. Their tanks feature advanced multi-zone cooling jackets and superior internal finishes to ensure hygiene and consistency. The company holds over 30 national patents and emphasizes ISO9001:2015 quality standards and regional certifications like EAC/GOST to facilitate international market entry.

【SMM Stainless Steel Market】Jindal Stainless Limited (JSL), India's largest stainless steel manufacturer, has achieved an ESG score of 78 in the FY25 Dow Jones Sustainability Index (DJSI) assessment, up significantly from 60 the previous year. This score places JSL in the top 5% of global steelmakers, securing the 4th position in the steel sector and the 1st position in the stainless steel segment. The company also reported a 14% reduction in greenhouse gas emissions in FY25, driven by initiatives such as Odisha's largest captive solar plant and energy efficiency upgrades.

On December 1st, Pan American Silver provided a 2025 year-end exploration update, reporting new drill results across Jacobina, El Peñon, La Colorada, Huaron, Timmins, Minera Florida and Cerro Moro. The company said it drilled 333,830 metres across the referenced mines during Nov 1, 2024–Oct 30, 2025, representing about 70% of total metres drilled over the period, with a full-year 2025 drilling plan of roughly 540,000 metres. Highlights included resource-extension potential at Jacobina and El Peñon, continued high-grade vein and replacement-style upside at La Colorada, and strong polymetallic intercepts at Huaron, alongside encouraging near-mine results at Timmins, Minera Florida and the Naty Condor area at Cerro Moro.

【SMM Stainless Steel Market】Acerinox is highlighting its EcoACX® stainless steel line as a key solution for decarbonization. The product features 90% recycled material content and is produced using 100% renewable energy, achieving a 50% reduction in CO₂ intensity per ton compared to standard production. Designed to help customers reduce their Scope 3 emissions without compromising quality or durability, EcoACX® represents a central pillar of Acerinox's "360 Positive Impact" sustainability strategy.

【SMM Stainless Steel Market】In a significant move that could impact EU steel policy, the French National Assembly has voted to nationalize ArcelorMittal's operations in France. While not yet legally binding, the vote reflects deep dissatisfaction with the steel giant. The proposal accuses ArcelorMittal of delaying decarbonization investments, engaging in aggressive tax optimization to avoid corporate taxes, and prioritizing shareholder payouts ($12.5 billion distributed by the parent group in 5 years) over local commitments. This development comes as critics argue that the EU's push for new steel tariffs is heavily influenced by French lobbying and relies on potentially misleading data from steel producers like ArcelorMittal to justify protectionist measures.

On December 1st, 2025, EnviroGold Global announced progress in accelerating commercialization of its NVRO Process™, including the appointment of PPM Global as its specialist partner for μNVRO plant construction and commissioning, completion of its 2025 Optimization Program, and the launch of a mobile pilot-scale μNVRO strategy. The optimization work resulted in an updated NVRO flowsheet supported by lab work, advanced process modelling, and the IDEAS™ digital twin developed by Andritz with engineering support from Hatch. EnviroGold has begun building its first μNVRO unit, to be installed at its Fremantle facility, designed to replicate full-scale process performance and generate feasibility-level technical outputs with integrated sensors and remote monitoring capability. Post-commissioning, PPM Global plans to construct a containerized μNVRO fleet for deployment across three priority jurisdictions, with two more under review. The company is also planning expanded test infrastructure, including a dedicated U.S.-based testing site, to support North American customer engagement.

【SMM Stainless Steel Market】Indian metal recycler Hudei Metals has installed a new stainless steel sorting line featuring Steinert's ISS sensor-based technology to improve product quality. The system uses induction technology to detect conductive metals smaller than 1mm, allowing for the removal of impurities and the production of cleaner fractions. Hudei, which produces 60,000 tonnes of stainless steel annually, aims to meet rising demand for sustainable materials in India's recycled metals market, which is forecast to grow from €10.5 billion in 2024 to €17.4 billion by 2033.

【SMM Stainless Steel Market】In a recent speech, European Central Bank (ECB) President Christine Lagarde identified the European Union's economic problems as primarily self-inflicted, stemming from internal barriers rather than imports. An upcoming ECB report quantifies trade barriers within the EU's single market as equivalent to tariffs of 65% for goods and 100% for services. Lagarde criticized Europe's reliance on exports for prosperity and the neglect of its domestic market, noting that 10% of European equity investments are in US stocks. The analysis suggests that EU tariffs on steel and CBAM taxes harm the bloc's export-driven prosperity by raising costs, diverting attention from the real issue of an overregulated and fragmented internal market.