[Nam Kim Steel Swings to Over VND100 Billion Q2 Profit, Achieves Nearly Half of 2026 Annual Profit Target]

The US and Japan have jointly intervened in currency markets to support the yen for the first time since 1998, signaling a coordinated effort to curb the currency's prolonged weakness. The move lifted the yen sharply against the US dollar and raised expectations of further intervention if volatility persists, as authorities seek to stabilize markets amid global geopolitical tensions and interest rate divergence.

Turkey's steel product exports continued to recover in the first half of the year, supported by stronger shipments to the European Union. However, a surge in imports—particularly from Russia and the Far East—along with weaker crude steel production has intensified pressure on domestic producers, prompting the Turkish Steel Producers' Association (TÇÜD) to call for tighter oversight of the country's inward processing regime.

[Flat Products] Today HRC and other flat-product export prices edged down 1-3 USD/tonne day on day, with HRC transaction prices at 479-483 USD/tonne.Futures fell sharply, market enquiry sentiment weakened, and traders reported few actual deals. [Billet] Today billet export FOB prices fell 1-3 USD/tonne, with Jiangyin port offers at 445–450 USD/tonne. According to feedback, the off-season for domestictraditional construction steel demand is pronounced and billet exports have become the main focus; competition in the export trade is fierce and export offers keepweakening, while amid the falling market overseas buyers mostly stay on the sidelines and deals are mediocre. [Rebar] Today rebar export offers at Tianjin port slipped 1-2 USD/tonne, with overall transaction prices at 474-480 USD/tonne. According to exporters, futuresextended their decline today and market confidence was weak; overseas buyers largely stayed on the sidelines with only a few enquiries, and trading was subdued.Some mills concluded deals at concessions, but mostly for small-lot orders.