SMM announces the discontinuation of updates and new data for non-oriented silicon steel FOB price points and database, due to strategic adjustments and to maintain price accuracy

In recent years, continued adjustments to European steel trade protection measures have made stainless steel import quotas an increasingly important factor.

Since the carbon structural steel (45#, Φ100-130), price point ID: 202202221138, and gear steel (20CrMnTi, Φ86-150), price point ID: 202202221027, are no longer in circulation in the market, SMM will

Malaysia has developed a relatively mature stainless steel network. Domestic transaction prices for 304L stainless steel can effectively reflect changes in local market.

SMM is expanding the pig iron production data in the SMM database : adding pig iron production data for 39 countries and regions.

Expanding our iron ore production data in the SMM database by adding iron ore production data for 10 key iron ore-producing countries worldwide. The data update frequency remains annual, with specific

Notice on Frequency Adjustment for Price

SMM launches new export price assessments for carbon steel slabs in the Black Sea and Brazil, effective from 14 July 2026, to enhance market transparency and reduce trade risks.

SMM will launch new import and export price assessments for billets in the Black Sea, Philippines, and Turkey, effective from 13 July 2026, to better reflect market dynamics and support global trade.

To better align with the update cycle of global stainless steel production data, SMM has decided to adjust certain stainless steel production-related data points following market research and a review