Since entering Q2 2026, the silicon manganese alloy market has remained under sustained pressure. Prices of upstream raw materials—including manganese ore and coke—have stayed elevated, while downstream steel consumption remains sluggish amid strong price-suppression efforts from mills. The industry is caught in a dual squeeze of “high costs and weak demand,” with losses spreading rapidly from isolated cases to a widespread trend.

1. Bidding Conditions This bidding project, Electromechanical Company Electric Installation Team 1, 2026 Old Residential Community Renovation Project in Tiedong District, Anshan City – Electric Engineering Wires and Cables (AGGZZBHGZHD260731307933), is initiated by the bid inviter, Ansteel Group Engineering Technology Development Co., Ltd., with self-raised funds. The project has met the conditions for public bidding, and public bidding is now conducted. 2. Project Overview and Bidding Scope 2.1 Project Name: Electromechanical Company Electric Installation Team 1, 2026 Old Residential Community Renovation Project in Tiedong District, Anshan City – Electric Engineering Wires and Cables 2.2 Conversion to Other Procurement Methods upon Bidding Failure: Not applicable 2.3 For the bidding content, scope, and scale, please refer to the attached Bill of Materials Appendix.pdf. 3. Bidder Qualification Requirements 3.1 Joint bidding is not permitted for this bidding. 3.2 The bidder shall meet the following qualification requirements: Please refer to the appendix (if any) 3.3 The bidder shall meet the following registered capital requirements: Production-type registered capital: 100 million yuan or above 3.4 The bidder shall meet the following performance requirements: One copy of scanned sales contracts and corresponding invoices for cables, 2025-2026 3.5 The bidder shall meet the following requirements for capability, finance, and others: Financial requirements: Please refer to the appendix (if any) Capability requirements: Provide the Industrial Product Production License (Cable Category) Other requirements: Please refer to the appendix (if any) 3.6 For projects subject to mandatory bidding by law, bids from dishonest persons subject to enforcement are invalid. 4. Obtaining the Bidding Documents 4.1 Any bidder who intends to participate in the bidding shall log into the Ansteel Smart Bidding Platform at http://bid.ansteel.cn to download the electronic bidding documents from 17:00, July 31, 2026 to 08:00, August 25, 2026 (Beijing time, the same hereinafter). Click to view bidding details:

[Brazil] Higher freight offsets falling export offers as Brazil's flat-product import prices steady Brazil's flat-product import prices were broadly steady this week, as elevated ocean freight effectively offset the decline in export offers from major shipping origins. HRC and CRC import prices steadied at 590 and 700 USD/tonne CFR respectively. Recent geopolitical turbulence in the Middle East has pushed up marine fuel costs, while weak Asian demand and softer raw materials prompted Vietnamese mills to cut export offers. On the domestic front, dragged by weak downstream demand, tight credit and rising inventories, Brazil's domestic HRC ex-works prices were flat this week, with no price increase planned for August. In addition, Brazilian slab export trading also slowed this week as major exporters made internal transfers to their own plants in Europe and the United States at offers of 575-585 USD/tonne FOB.

​​​​​​​Falling nickel benchmarks, a fragmented overseas supply base and a Malaysian enforcement crackdown lift India's stainless scrap imports 11.4% while pushing the average import price down 6.6% in the 12 months to February 2026

As of this Friday, SiMn 6517 (cash) was 5,650-5,700 yuan/mt in north China, flat WoW; in south China, SiMn 6517 (cash) was 5,700-5,750 yuan/mt, unchanged WoW from last Friday; south China SiMn 6014 (cash) was 5,350-5,400 yuan/mt, flat WoW. Recently, SiMn futures moved sideways in a weak trend, market sentiment was heavily cautious, prices fell, and futures prices were basically in sync with spot prices.

Outokumpu's chief financial officer Marc-Simon Schaar said on July 30 that while EU trade measures are lifting demand for European steel production, higher costs for scrap, freight and fuel are consuming the improvement. The Finnish stainless producer's European business posted adjusted core profit of €17 million in the second quarter, recovering from a €13 million loss in Q1 but barely above the €16 million earned a year earlier. Schaar said stronger demand for local output has also sharply raised demand for scrap, the main raw material for European mills, while subdued end-user demand has cut scrap generation and pushed raw material prices above last year's levels. State aid worth roughly €35-40 million a year to offset EU emissions trading costs has also ended.