During the survey period (March 10–March 16), the capacity utilization rate of rebar and wire rod rolling lines in the Central China region increased to varying degrees.

Gold is a widely known safe-haven asset and tends to benefit during geopolitical turmoil, but the metal has remained largely range-bound amid the latest Middle East conflict involving Iran, the United States and Israel.

【SMM Steel】Tenaris completed the acquisition of the Beaver Falls scrap processing yard in Pennsylvania, now operated by its subsidiary Steel Recycling Services. The 39-acre site adjacent to its Koppel plant will improve coordination between scrap processing and steel production, feeding its EAF directly. Tenaris, a leading steel pipe supplier with $12bn revenue in 2025, operates globally with ~25,000 employees. This acquisition strengthens its US footprint.

We all know the relationship between Gold and US Dollars in the financial markets. When the USD rises, gold tends to fall and vice versa. It sounds simple to you, right? But understanding why this happens, and how to actually trade it like a pro trader, takes more than knowing that the pattern exists.

Weekly Survey of Rolling Lines in Central China: This Period Still Saw Concentrated Production Resumptions at EAF Steel Mills, and Central China Construction Steel Production Rose Steadily

Total rebar inventory stood at 8.2948 million mt this week, up 277,000 mt WoW, or 3.46% (previous: +11.33%), and up 363,200 mt from the same period of the previous lunar year, or 4.58% (previous: +4.6%).

【SMM Steel】Kardemir joined Izmir's green transformation program, receiving its highest level of support. The six-month plan helps firms develop carbon reduction roadmaps via training, assessments, and consulting. Its Aliağa plant uses EAF tech with waste heat recovery. It also invested in wind, solar, and waste heat power, totaling 24.7 MW. Through the program, it will boost energy management and low-carbon strategies, planning to raise renewable capacity to 52.1 MW.

Precious metals are having a moment. Gold and silver surged to record highs in January, benefiting from an alignment of macroeconomic factors, evolving supply-demand dynamics, and renewed industrial demand.

On February 10, 2026, ArcelorMittal officially greenlit a strategic €1.3 billion ($1.4 billion) investment to build a new 2-million-ton Electric Arc Furnace (EAF) at its Dunkirk site in France. The French government will provide 50% funding support. The EAF is scheduled to begin operations in 2029, reducing CO2 emissions by threefold compared to traditional blast furnaces.

ArcelorMittal confirmed on February 16, 2026, a €1.3 billion ($1.5 billion) investment to build a new Electric Arc Furnace (EAF) at its Dunkirk site. The project, which was announced during a visit by French President Emmanuel Macron, will have a capacity of 2 million tonnes per year and is scheduled for start-up in 2029. This move is a central part of the company’s strategy to comply with the EU’s Carbon Border Adjustment Mechanism (CBAM), which enters its definitive phase this year.