[Nilai Ekspor Mesin Konstruksi China Juli 42,251 Miliar Yuan]

HRC prices strengthened this week with recovering trading sentiment. In terms of supply, maintenance on rolling lines saw relatively small changes, and overall HRC production increased slightly. On the demand side, HRC apparent demand continued to deteriorate, with the off-season impact still evident. High temperatures and rainy weather remained the main bearish factors, and demand improvement awaits verification in early September. On inventory, SMM data showed social inventory of HRC across 86 national warehouses (large sample) stood at 4.4982 million mt this week, up 54,900 mt WoW, up 1.24% WoW. By region, markets in east China and north China saw inventory buildup, while markets in south China, central China and northeast China saw slight destocking. Looking ahead, the first round of coke price hikes is expected to be implemented next week, iron ore prices may consolidate with small fluctuations, and HRC cost support is expected to strengthen. However, the supply-demand imbalance is still accumulating, weighing on HRC prices with insufficient upward momentum. In summary, the most-traded HRC contract is expected to consolidate in the 3260-3360 range next week.

[India] Pasar baja India tetap stabil pada hari Jumat, dengan pembeli bersikap hati-hati. Indikasi ekspor billet bertahan di 470 USD/ton FOB India, meskipun tidak ada kesepakatan yang dikonfirmasi pada level ini. Penawaran HRC India ke Vietnam tetap di 520–525 USD/ton CFR, berbanding dengan indikasi pembeli sebesar 505–510 USD/ton CFR. Secara domestik, HRC berada di 609 USD/ton (58.100 INR/ton) EXW Mumbai, sedangkan billet tetap di 453 USD/ton (43.200 INR/ton) dikirim Mandi Gobindgarh, 449 USD/ton (42.800 INR/ton) EXW Mumbai, dan 415 USD/ton (39.600 INR/ton) EXW Raipur.

Pasar baja India menguat selama 17–21 Agustus, meskipun resistensi pembeli luar negeri membatasi transaksi. Indikasi ekspor billet naik menjadi 470 USD/ton FOB India, tetapi tidak ada kesepakatan yang dikonfirmasi pada level ini. Penawaran HRC India ke Vietnam meningkat menjadi 520–525 USD/ton CFR, dibandingkan indikasi pembeli sebesar 505–510 USD/ton CFR. Di dalam negeri, HRC tetap stabil di 609 USD/ton (58.100 INR/ton) EXW Mumbai, sementara billet berada di sekitar 453 USD/ton (43.200 INR/ton) dikirim ke Mandi Gobindgarh, 449 USD/ton (42.800 INR/ton) EXW Mumbai dan 415 USD/ton (39.600 INR/ton) EXW Raipur.