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- [Midrex to Supply DRI Line for US Steel’s Big River Steel]
US Steel has selected direct reduction technology developer Midrex to supply a 2.5 million mt/year HDRI/HBI MIDREX® Plant for its new DRI facility at Big River Steel in Osceola, Arkansas, which is expected to start production in 2029. According to Midrex, the project marks a key milestone for the North American steel industry, as it will be the first DRI facility in the US to integrate with EAF steelmaking and be supported by a domestic DRI-grade pellet supply chain.
Jul 6, 2026 09:24 - [SMM Analysis] EU Finalizes Country Quotas for Stainless Steel Imports: South Korea Leads, Indonesia's Surprise Win
New country-by-country quotas reward South Korea's balanced access and Indonesia's hot-rolled position, while Taiwan, China, Vietnam and Turkey face a tighter squeeze once melt-and-pour disclosure rules bite from October 1.
Jul 2, 2026 15:52 - China's ferro-molybdenum steel procurement volume in H1 2026 up 7.3% YoY
[Molybdenum Flash] SMM July 2: According to SMM data, China's total ferromolybdenum tender volume for steelmaking in H1 2026 was approximately 81,800 mt (including long-term contracts), up approximately 7.3% YoY.
Jul 2, 2026 15:40 - [SMM Iron Ore] Weekly Market Outlook : Iron Ore's Standoff (29 June - 3 July 2026)
The iron ore market is currently locked in a supply-heavy, demand-weak stalemate. While fundamental pressure is pushing for lower prices, strong resistance from high-cost producers is creating a floor, suggesting a range-bound, sideways treading market for the week ahead. Here’s a breakdown of the key factors: Supply: Global Market Remains Loose Arrivals Surge: This week, iron ore arrivals on China port reached 29.33 million tons, a notable 6% increase both week-on-week and year-on-year. Global shipments to China are arriving steadily and in significant volumes. Persistent Inventory: Port inventories continue to be a significant drag. SMM data places 35-port stocks at ~148 million tons, while more source reports up to 170 million tons. Despite high volumes, there is little to no progress on destocking. Demand: Downstream Weakening, Mills Squeezed External Competition: Downstream steel demand continues to soften. The China domestic market is facing further pressure from low-priced steel billet imports from Indonesia, which are grabbing market share. Profit Squeeze: Steel mills are caught in a vise. Upstream, coal and coke prices remain strong and resilient, while downstream demand is absent, continuously eroding steelmaking profits. Production Cuts Expected: Market sentiment is overwhelmingly pessimistic regarding near-term demand. We anticipate both steel mill purchase intent and molten iron production to move lower in tandem. Spot traders report extreme difficulty in securing profitable transactions. News & Negotiations: Stalled Talks & Tangled Factors The coal and coke sectors continue to trended upward sentiment from breaking news, supporting strong price expectations. Meanwhile, the outcomes of the recent closed-door meeting between major steel mills and traders are split between two major market narratives. Price Floor: Resistance from High-Cost Producers Crucially, the current iron ore price has corrected to a very sensitive level—effectively the cost line for many high-cost mines and a significant psychological support point for traders. Both groups are now actively resisting any further price declines.
Jun 30, 2026 17:07 - [Australia's Killi Resources Secures 110 Million MT Lodestone Iron Ore Project]
Killi Resources acquired an 80% interest in the Lodestone Iron Ore Project in Western Australia. The project currently has an inferred mineral resource of 110 million metric tons and shows potential to produce a high-grade magnetite concentrate (around 69% Fe), which could serve as a low-emission feedstock for EAF and DRI steelmaking.
Jun 30, 2026 16:08 - [Nippon Steel Submits Plans for EAF Investment in Slovakia]
Nippon Steel has submitted plans to build an electric arc furnace (EAF) at its Košice steelworks in Slovakia. Construction is expected to start in 2027, with operations beginning by 2030. The plant's overall annual steelmaking capacity will remain at 4.5 million metric tons, but the new facility is projected to cut carbon monoxide emissions by 56%.
Jun 30, 2026 16:08
Announcements
To Valued Customers Dear Customers, To fully cover the price information across all links of the tungsten industry chain, accurately reflect the spot market trends of products such as low-grade tungsten concentrate, tungsten products, photovoltaic tungsten wire busbars and tungsten scrap, and help enterprises upstream and downstream of the industrial chain keep abreast of market changes and reduce trading risks, we have decided to add 11 new tungsten industry chain - related price points after conducting sufficient market research and in-depth communication with the industry. The new price points are detailed as follows: Scheelite Concentrate (25%-30% WO₃) : Compliant with the industrial standards applicable in Henan, Guangxi and Hunan regions. It refers to scheelite concentrate with a WO₃ content ranging from 25% to 30%. Unit: RMB per ton-unit of WO₃. Scheelite Concentrate (23%-25% WO₃) : Compliant with the industrial standard YS/T 231 - 2015. It refers to scheelite concentrate with a WO₃ content ranging from 23% to 25%. Unit: RMB per ton-unit of WO₃. Ammonium Metatungstate (AMT) : Compliant with the national standard GB/T 26033 - 2010. Its technical indicators are as follows: WO₃ content ≥ 81.5%, Fe content ≤ 0.0020%, Pb content ≤ 0.0001%, and Si content ≤ 0.0015%. Unit: RMB per ton. Wire-Drawing Tungsten Bar : Compliant with the requirements of the national standard GB/T 3459 - 2022, with a tungsten (W) content ≥ 99.95%. Unit: RMB per kilogram. Steelmaking Tungsten Bar : Compliant with the requirements of the national standard GB/T 3459 - 2022, with a tungsten (W) content ≥ 99.95%. Unit: RMB per kilogram. Cut-Resistant Tungsten Wire for Photovoltaic Applications (24μm - 30μm) : With a tungsten (W) content ≥ 99.95%, a diameter ranging from 24μm to 30μm, and a tensile strength of ≥ 3500MPa. Unit: RMB per kilometer. The above - listed prices are all ex - factory pick - up prices including 13% value - added tax (VAT). Details of the 5 New Tungsten Scrap Price Points Scrap Button Bits : Compliant with the quality requirements for cemented carbide scrap specified in the national standard GB/T 21182 - 2022. Unit: RMB per kilogram. Scrap Anvils : Compliant with the quality requirements for cemented carbide scrap specified in the national standard GB/T 21182 - 2022. Unit: RMB per kilogram. Scrap Roller Rings : Compliant with the quality requirements for cemented carbide scrap specified in the national standard GB/T 21182 - 2022. Unit: RMB per kilogram. Scrap Tungsten Chips/Wires : Compliant with the requirements of the national standard GB/T 26496 - 2011 Tungsten and Tungsten Alloy Scrap . It has a tungsten content ≥ 90% and no other inclusions. Unit: RMB per kilogram. Scrap Tungsten Blocks/Sheets : Compliant with the requirements of the national standard GB/T 26496 - 2011 Tungsten and Tungsten Alloy Scrap . It has a tungsten content ≥ 90% and no other inclusions. Unit: RMB per kilogram. The five tungsten scrap prices mentioned above are all excluding VAT. Effective Date The above - mentioned new price points will be officially released starting from November 21, 2025 and updated on each working day. The launch of these new price points aims to achieve more refined classification by region and grade. All the new price points are formulated based on mainstream industrial trading specifications and terms, which have been verified through a standardized price - data collection process. They are for market reference only and do not constitute trading decision - making advice. For details on the pricing methodology and specific product specifications, please visit our official platform. If you have any questions, please feel free to contact Li Jiahui from SMM Tungsten and Molybdenum Analysis at 021 - 51666882.
PriceNov 20, 2025 14:47