Jiangsu steel mill and Fushun Special Steel ferromolybdenum tender opening prices released

Acciaierie d’Italia (ADI), operator of the former Ilva steelworks, halted hot production at its Taranto plant on October 9. A government decree dated October 13 allows the blast furnaces to be kept hot until the Supreme Court publishes its reasoning, expected no later than December 15. ADI’s Genoa and Novi Ligure plants, which produce flat steel from Taranto coils, will cease operations by November 15. To keep material flowing, ADI has signed tolling agreements to roll about 365,000 tonnes of slabs with leading Italian customers, including Marcegaglia and Eusider.

[Steel Billet] Today, FOB export prices of square billets were mostly stable with a soft undertone. Port quotations at Jiangyin Port stood at USD 457–462 per tonne. Export orders are mainly scheduled for December, while a few mills have export orders booked for January 2027. Market sources reported intensified price haggling between buyers and sellers recently. Finished product prices in southern China remain relatively firm, leaving most exporters with little room to cut billet prices. Sentiment is largely wait-and-see, and overall trading activity is muted.

[SMM Steel] Market feedback indicates that the current FOB quote for 3SP square billet, sized 150×150 mm, stands at USD 458/t, with Jiangyin Port as the port of shipment.