The extraordinary administration of Acciaierie d’Italia (ADI) confirmed on April 3, 2026, that the steelmaker is on track to reach an annualized production rate of 4 million tonnes by the end of this month. Following the completion of testing on Blast Furnace No. 2, full-scale production is resuming, which will operate alongside the existing units. To support this ramp-up, the company has begun the process of recommissioning idled coking batteries No. 7, 8, and 12, while simultaneously starting 60 days of scheduled maintenance on Blast Furnace No. 4 which began in March.

The Indonesian Ministry of Energy and Mineral Resources (ESDM) stated to the media on Monday, April 6, 2026, that it has approved approximately 190 to 200 million tons of nickel production quotas within the 2026 Work Plan and Budget (RKAB). Director General of Minerals and Coal, Tri Winarno, noted that while the current cumulative target sits between 260 and 270 million tons, Minister Bahlil Lahadalia is considering measured relaxation for production revisions. This potential flexibility for nickel and coal miners remains contingent on price stability and the careful management of global supply and demand to ensure favorable market levels.

Indonesian state-owned aluminum giant PT Inalum on Tuesday called on the government to halt new alumina and aluminum plant construction, citing concerns about oversupply and pressure on the country's bauxite reserves. Resource-rich Indonesia is keen to boost its domestic metals industry and has banned the export of raw ore to encourage investment in domestic factories.

According to foreign media reports, Indian beer producers have warned that beer prices will rise and supplies will be disrupted due to natural gas shortages caused by the Iranian conflict, which has led to delays in aluminum imports needed for canned beer production. India is the world's fourth-largest natural gas importer, with approximately 40% of its demand coming from Qatar, making it highly vulnerable to fuel supply disruptions. The Iranian attacks have disrupted some of Qatar's export capacity, further exacerbating the natural gas supply shortage for Indian manufacturers. Aluminum can suppliers have also warned that aluminum can supplies may decrease before the peak summer beer sales season.

This week, ferrous metals were in the doldrums. The main logic during the week remained weakening cost support. On Tuesday, Iran proposed charging transit fees for the Strait of Hormuz, while Trump made conciliatory remarks, saying that “even if the Strait of Hormuz remained largely closed, he would still be willing to end military action against Iran.” Market expectations for tighter crude oil supply weakened, and declines in the energy sector dragged down the coal sector, weakening the cost-side logic. During the week, inventories of the five major steel products continued to decline, but apparent demand remained at a low level for the same period in previous years, providing limited fundamental-driven momentum to futures. In the spot market, purchasing interest was average, mainly focused on restocking at low prices. Spot prices were relatively firm, and the spot-futures price spread widened somewhat......

Nvidia (NVDA.O) said it has invested $2 billion in Marvell Technology (MRVL.O), and the two sides plan to cooperate in the field of silicon photonics technology. Silicon photonics technology enables high-speed, energy-efficient data transmission, with its two common application fields being artificial intelligence and cloud computing. Nvidia Chief Executive Officer Huang Renxun said in a statement on Tuesday: “By joining forces with Marvell, we enable clients to leverage Nvidia’s AI infrastructure ecosystem and build dedicated AI computing capabilities at scale.”