Data: SHFE, DCE market movement (Aug 24)

[Sheets & Plates] Today, export prices for hot-rolled coil and other sheets & plates rose $3-4/mt day-on-day, with transaction prices for hot-rolled coil concentrated in the $490-493/mt range. Market inquiry sentiment was relatively positive today, but due to the rapid price increase and some clients having already made purchases last week, market transactions were generally moderate.

[SMM Steel] Market feedback indicates that the selling price for Q235B HRC with a specification of 3.5*1250*C for October shipment is $500/mt FOB, with the port of loading being Jingtang Port.

[India] India’s domestic steel and scrap market sentiment remained firm with prices moving higher across finished steel, semi-finished steel and scrap. Alang Shipbreaking prices also strengthened, while melting scrap edged lower from Friday. Overall, market sentiment was positive, supported by steady buying interest and firm raw material costs. Mumbai Rebar prices up by 1.04USD/tonne (100INR/tonne) to 501.55USD/tonne (48,000INR/tonne) EXW Mumbai. Billet prices increased by 10.45USD/tonne (1,000INR/tonne) to 464.98USD/tonne (44,500INR/tonne) delivered Mandi. Alang 8Ani (12mm) plate prices increased by 5.22USD/tonne (500INR/tonne) to 428.41USD/tonne (41,000INR/tonne) ex-yard Alang. Melting scrap prices edged down by 1.04USD/tonne (100INR/tonne) to 361.54USD/tonne (34,600INR/tonne) ex-yard Alang. Bellary PDRI sponge iron prices up by 4.18USD/tonne (400INR/tonne) to 292.57USD/tonne (28,000INR/tonne) EXW Bellary. Mandi Gobindgarh HMS 1&2 (80:20) increased by 10.45USD/tonne (1,000INR/tonne) to 375.12USD/tonne (35,900INR/tonne) delivered Mandi.