[SMM Steel]

[Steel mill maintenance] Shanxi Licheng Taihang Iron and Steel plans to halt production at a 530m³ blast furnace at month-end September, affecting daily hot metal production by 2,100 mt, with the resumption time yet to be determined. [SMM Steel]

[Indonesia] Today, wire rod prices rose by 5 USD/metric ton to 510 USD/metric ton FOB. This increase was not actually triggered by external pressures or any fundamental changes; it was simply a price hike set by the mills. With the steel mills raising prices so suddenly, the market is likely to see some movement, and tomorrow we may see how the market reacts. However, given that market sentiment is already bullish, this price hike may cause buyers to reconsider their purchases, as prices were already considered high and there were almost no transactions taking place.

Mexico's Ministry of Economy has confirmed anti-dumping duties on imported finished and semi-finished hollow profiles from China and the US, set at US$1.93/kg for China and US$1.72/kg for the US, up from the provisional rates of US$1.88/kg and US$1.62/kg respectively imposed on December 31, 2025 for a four-month period. The affected products fall under TIGIE tariff code 7604.