Data: SHFE, DCE market movement (Aug 25)

[India] India’s domestic steel market saw prices increase across finished steel, semi-finished steel and scrap on Tuesday. Prices were supported by limited material availability, as some mills are under maintenance, while higher raw material costs also added pressure on prices. Buyers remained cautious with purchases but continued to restock as needed keeping the overall market sentiment firm. Mandi Billet prices increased by 2.09USD/tonne(200INR/tonne) to 467.12USD/tonne (44,700INR/tonne) delivered Mandi. Ingot prices rose by 467.12USD/tonne (200INR/tonne) to USD/tonne (44,700INR/tonne) EXW Mandi. Mumbai Rebar prices up by 2.09USD/tonne (200INR/tonne) to 503.70USD/tonne (48,200INR/tonne) EXW Mumbai. Alang 8Ani (12mm) plate prices increased by 3.14USD/tonne(300INR/tonne) to 431.59USD/tonne (41,300INR/tonne) ex-yard Alang. Melting scrap prices up by 4.18USD/tonne (400INR/tonne) to 365.75USD/tonne (35,000INR/tonne) ex-yard Alang. Mandi Gobindgarh HMS 1&2 (80:20) increased by 4.18USD/tonne (400INR/tonne) to 379.34USD/tonne (36,300INR/tonne) delivered Mandi.

[Rebar] Today, rebar export quotations at Tianjin Port remained stable, with overall transaction prices ranging from USD 478-483/ton. According to exporters, the rapid surge in both futures and spot prices yesterday has left the market largely in a wait-and-see mode. No significant changes were seen today, with market sentiment remaining cautious. Some mills believe prices may pull back.

【Steel Billet】Today, billet export FOB prices rose by USD 1/ton, with Jiangyin Port quoted at USD 455–460/ton. According to market feedback, current export transaction prices remain firm, while overseas buyers' sentiment has somewhat softened, with some export traders making slight price concessions to close deals.