China High-carbon ferrochrome output in October and forecast for November

[SMM Steel] Turkish rebar offers today held stable at 576 USD/tonne EXW. Due to the highly uncertain geopolitical situation in the Middle East (despite the US extending the sanctions waiver for Iranian crude oil shipments until August 21), both buyers and sellers generally maintain a wait-and-see stance. SMM research indicates that rebar offers from some mills in the Marmara region are slightly higher at around 585-590 USD/tonne EXW, though these usually come with extended payment terms. The export market continues to be sluggish, with Turkish rebar export offers dropping by 5 USD/tonne today to 580 USD/tonne FOB. Currently, high borrowing costs and a weak lira continue to pressure the market. In the short term, as end-of-quarter debt repayment deadlines approach, companies remain focused on generating cash flow, meaning mills are likely to offer further price cuts in the coming weeks.

[SMM Laporan Harian Baja Nirkarat] SS Berjangka Melemah Berturut-turut; Pedagang Baja Nirkarat Spot Aktif Jual Diskon untuk Pacu Pengiriman Menurut SMM pada 24 Juni, SS berjangka terus melemah. Logam nonferro berjangka melanjutkan penurunan, menyeret SS turun. Jelang penutupan, beredar kabar Indonesia berpotensi menaikkan kuota RKAB bijih nikel, menyebabkan nikel SHFE dan SS kembali tertekan. Hingga penutupan, kontrak SS berjangka teraktif ditutup di 14.720 yuan/mt. Di pasar spot, terimbas pelemahan beruntun SS berjangka, sentimen pasar umumnya lesu. Untuk mengurangi inventori, pedagang spot berniat kuat menjual, dan penjualan diskon makin marak. Kuotasi baja nirkarat spot ikut turun, namun lesunya perdagangan masih sulit berubah. Untuk kontrak SS berjangka teraktif, pukul 10.15 pagi, SS2608 tercatat 14.740 yuan/mt, turun 190 yuan/mt dari hari perdagangan sebelumnya. Premi spot 304/2B di Wuxi berada di kisaran 330-830 yuan/mt. Di pasar spot, harga rata-rata koil canai dingin 201/2B di Wuxi tidak berubah; koil canai dingin 304/2B tepi kasar, harga rata-rata di Wuxi turun 50 yuan/mt dan di Foshan turun 25 yuan/mt; harga koil canai dingin 316L/2B di Wuxi turun 100 yuan/mt; koil canai panas 316L/NO.1 di Wuxi tercatat tidak berubah; koil canai dingin 430/2B di Wuxi dan Foshan turun 50 yuan/mt. Pekan ini, SS berjangka dan harga spot bergejolak liar, seiring ekspektasi makro di luar Tiongkok berulang kali mengusik bursa berjangka, memperkuat tarik-menarik antara posisi beli dan jual di pasar. Secara keseluruhan, pergerakan bursa berjangka didominasi faktor makro, perdagangan berfluktuasi mengikuti sentimen, dan pasokan...

Persediaan HRC Lecong berjumlah 937.700 mt, turun 4.100 mt WoW (penurunan 0,44%), dengan kenaikan YoY solar dan YoY lunar masing-masing sebesar 40,63% dan 42,57%.