SMM March 2 Update: Aluminum Ingot: Today, the SMM A00 aluminum spot in Foshan was affected by the geopolitical situation in Iran, leading to increased market sentiment fluctuations. The discount slightly declined before recovering. Mainstream quotations against the front-month contract were -170 yuan/mt, with some supplies quoted at -180 yuan/mt, down 10-20 yuan/mt WoW. Transactions mainly concentrated at -20~-10 yuan/mt. A major player in Foshan was purchasing at -10 yuan/mt, with more low-priced supplies available and a few quotes rebounding to near parity. Downstream buyers primarily purchased for immediate needs at -10 yuan/mt, with overall procurement sentiment remaining sluggish. Aluminum Billet: Today, the average processing fee for SMM 6063 grade aluminum billets (Guangdong) Φ90/100 was 180 yuan/mt, while for Φ120 and above, it was 130 yuan/mt, up 20 yuan/mt from yesterday. The base price significantly rose, supported by cost factors and expectations of downstream restocking, making the processing fees generally firm, with minor adjustments to promote transactions. Strengthened prices during the day stimulated downstream willingness to buy at lower levels, with subsequent quotes fluctuating. Deals were made on a volume discount basis, enhancing market activity.

Recently, geopolitical turbulence in the Middle East has emerged, bringing a certain degree of impact to the overall overseas PV market. Below, we provide an in-depth analysis of the current Middle East PV market from various perspectives:

On February 26, 2026, the European Commission announced its final decision on the first anti-dumping sunset review of steel road wheels originating from China. If the current anti-dumping measures were to be lifted, the dumping of the products in question would continue or recur and cause injury to the EU industry. Therefore, it was decided to maintain the anti-dumping duties on the Chinese products: Xingmin Intelligent Transportation Systems Co., Ltd., Tangshan Xingmin Wheels Co., Ltd., Xianning Xingmin Wheels Co., Ltd., and other cooperating enterprises (see the annex to the original announcement for details) will all be subject to a rate of 50.3%, while other companies will face a rate of 66.4%. The measures took effect the day after the announcement. The EU CN (Combined Nomenclature) codes for the products under investigation are ex 8708 70 10, ex 8708 70 99, and ex 8716 90 90 (TARIC codes are 870870 10 80, 8708 70 10 85, 8708 70 99 20, 8708 70 99 80, 8716 90 90 95, and 8716 90 90 97). The period of the dumping investigation for this sunset review was from January 1, 2024, to December 31, 2024, and the period for the analysis of injury to the industry was from January 1, 2021, to the end of the dumping investigation period. The announcement took effect the day after its publication. On February 15, 2019, the European Commission initiated an anti-dumping investigation into steel road wheels originating from China. On March 4, 2020, the European Commission made its final determination on the anti-dumping investigation of steel road wheels from China. On March 3, 2025, the European Commission launched the first anti-dumping sunset review investigation into steel road wheels from China. (Compiled from: European Commission website) Original text: https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:L_202600428

[smm stainless steel daily review] geopolitical boost and cost support drive ss futures higher, spot stainless steel prices follow with a positive outlook smm march 2 news, ss futures fluctuated upward. influenced by the escalation of middle eastern geopolitical conflicts over the weekend, precious metals and crude oil-related futures rose first, followed by non-ferrous metals, with ss futures also strengthening, closing at 14,385 yuan/mt. in the spot market, driven by the strong performance of ss futures and the further increase in high-grade npi raw material prices, spot stainless steel quotations have risen; however, due to insufficient downstream end-user operations, overall purchasing attitudes remain cautious. despite this, under the multiple benefits of cost support, expectations for the peak "golden march and silver april" season, and recent increases in futures, traders generally hold an optimistic view of the future. the most-traded ss futures contract strengthened and probed higher. at 10:30 am, ss2604 was quoted at 14,160 yuan/mt, up 10 yuan/mt from the previous trading day. in wuxi, the spot premiums and discounts for 304/2b were in the range of 360-560 yuan/mt. in the spot market, wuxi cold-rolled 201/2b coils remained stable; the average price of wuxi cold-rolled 304/2b coils with trimmed edges increased by 50 yuan/mt, and foshan's average price also rose by 50 yuan/mt; wuxi cold-rolled 316l/2b coils increased by 200 yuan/mt; hot-rolled 316l/no.1 coils in wuxi rose by 300 yuan/mt; both wuxi and foshan cold-rolled 430/2b coils remained stable. the stainless steel market is gradually recovering, with ss futures strengthening and probing higher, fueled by rising expectations for the traditional "golden march and silver april" consumption peak and indonesian nickel ore...

On February 18, 2026, the WTO Committee on Safeguards issued a notification of safeguard measures submitted by the Egyptian delegation. The Egyptian investigating authority made an affirmative final determination on imported Hot Rolled Flat Steel (HRC/HRFS) and recommended imposing safeguard duties (including provisional safeguard measures) based on the CIF value for three years, as follows: from September 14, 2025, to September 13, 2026, at 13.6% and not less than 3,673 EGP/mt; from September 14, 2026, to September 13, 2027, at 13% and not less than 3,511 EGP/mt; from September 14, 2027, to September 13, 2028, at 12.5% and not less than 3,376 EGP/mt. The implementation of these measures will be subject to a ministerial tax order. These measures do not apply to HRC with a thickness exceeding 20 millimeters and a width greater than 1,600 millimeters. The Egyptian tariff numbers for the products under investigation are 7208.10, 7208.25, 7208.26, 7208.27, 7208.36, 7208.37, 7208.38, 7208.39, 7208.40, 7208.51, 7208.52, 7208.53, 7208.54, 7208.90, 7211.14, 7211.19, 7225.30, 7225.40, 7226.91, and 7226.99. Interested parties should submit applications for consultations within seven days of the announcement. Contact details of the Egyptian investigating authority: Ministry of Investment and Foreign Trade Trade Remedies Sector Contact: Mrs. Yomna Elshabrawy Address: New Capital – Governmental District Cairo, Egypt. Email: mailto:itpd@tas.gov.eg On April 27, 2025, Egypt announced in its official gazette that, at the request of Egyptian producers, it initiated a safeguard investigation on imported HRC on April 22, 2025. On September 10, 2025, the WTO Committee on Safeguards issued a notification of safeguard measures submitted by the Egyptian delegation, stating that Egypt made an affirmative preliminary determination in the case. The period of investigation was from January 2021 to December 2024. (Compiled from the WTO website) Original text: https://docs.wto.org/dol2fe/Pages/SS/directdoc.aspx?filename=Q:/G/SG/N8EGY11.pdf&Open=True

1. Procurement Conditions The purchaser of this procurement project, the Beiying Mine High Manganese Steel Castings and Other Items Project (BG2026020036) (BGBCGFHGXHD260228270076), is the Equipment Spare Parts Procurement Department of the Procurement Center of Bensteel Group Sheets & Plates Co., Ltd. The project funds are self-raised, and the project has met the procurement conditions. Now, a public request for quotation and comparison is being conducted. 2. Project Overview and Procurement Scope 2.1 Project Name: Beiying Mine High Manganese Steel Castings and Other Items Project (BG2026020036) 2.2 Alternative procurement method in case of procurement failure: Negotiated procurement 2.3 The procurement content, scope, and scale of this project are detailed in the attachment "Material List Attachment.pdf". 3. Bidder Qualification Requirements 3.1 Joint bidding is not allowed for this procurement. 3.2 This procurement requires bidders to meet the following qualification requirements: (1) Production-oriented business license 3.3 This procurement requires bidders to meet the following registered capital requirements: Production-oriented registered capital: 500 (10,000 yuan) or more 3.4 This procurement requires bidders to meet the following performance requirements: See the attachment for details. 3.5 This procurement requires bidders to meet the following capability requirements, financial requirements, and other requirements: Financial requirements: See the attachment for details. Capability requirements: See the attachment for details. Other requirements: See the attachment for details. 3.6 For projects that must be tendered according to the law, bids from discredited persons subject to enforcement are invalid. 4. Obtaining Procurement Documents 4.1 Interested bidders are requested to log in to the Ansteel Smart Tender and Bid Platform at http://bid.ansteel.cn from 08:00 on March 1, 2026, to 08:00 on March 10, 2026 (Beijing Time, the same hereinafter) to download the electronic procurement documents. Click to view tender details: