Metallus, a specialty metals producer, secured a five-year IDIQ contract with the U.S. Defense Logistics Agency valued up to $995 million to supply steel for critical defense uses. The contract includes an initial $125 million delivery order, with Metallus having up to 24 months to fulfill each order. This deal highlights Metallus' role in supporting U.S. military readiness with domestically produced specialty steel and sets a foundation for ongoing collaboration with the DLA. The company plans to invest further in operations to meet growing demand for U.S.-made specialty steel products.
Metallus' recent $995 million contract for defense steel supply provides context for Basic Materials sector activity on Pluang. For readers following Basic Materials, here is Pluang's market snapshot as of Sep 29, 2026 20:02 WIB: of 38 priced US stocks, 26 rose and 11 fell. Notable movers include ICL at USD 5.20 with a 3.59% increase and 100% buy order activity, GFI at USD 36.41 up 3.50% with 98% buy orders, and SLI at USD 1.86 rising 1.64% with 64% buy orders.
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