SMM Hot-rolled & Cold-rolled Production Schedule】——October steel mill daily average production schedule down MoM

[Steel Billet] Today, export FOB prices for square billet rose by USD 1–2/t, with quotes at Jiangyin Port standing at USD 460–465/t. According to market research, mills concentrated on securing export billet orders before the holiday; after the holiday, overseas buyers have made inquiries, but downward pressure on prices remains strong, leaving some exporters with no choice but to cut prices to close deals.

[SMM Steel] According to market feedback, the current offshore price for 3SP billets with a specification of 150*150mm is quoted at USD 462/ton, with the port of shipment being Jiangyin Port.

ArcelorMittal Kryvyi Rih in Ukraine has initiated a cold-shutdown process following repeated missile attacks that caused extensive damage to its steelmaking facilities. According to the company's October 10 statement, primary steelmaking operations have already stopped, while preparations to safely shut down and preserve industrial equipment are expected to take approximately two months. The company reported six fatalities and more than 18 injuries following the attacks. The development follows ArcelorMittal's September 25 announcement that operations could not be safely restarted. The decision to preserve the plant's equipment signals a prolonged interruption to steel production, with no confirmed timeline for restarting operations.