[Baja SMM]

This week, mines and beneficiation plants in Shandong quoted 64% grade alkaline powder at 810 yuan ex-mine on a dry, pre-tax, acceptance basis, and steel mills raised prices in tandem. Most mines and beneficiation plants maintained normal production as planned; steel mills, especially those in Hebei, purchased actively, with small mills and traders shipping according to scheduled orders. Trading in the region was relatively active throughout the week, and miners held no excess inventory. Recently, iron ore futures have shown a strong trend, which may lift domestic concentrate prices.

[Billet baja] Hari ini, harga FOB ekspor billet naik tipis sebesar $4/ton, dengan penawaran di Pelabuhan Jiangyin berada pada $465–470/ton. Menurut masukan, kenaikan penawaran ekspor billet belakangan ini lebih besar daripada kenaikan dari sejumlah eksportir luar negeri, dan keunggulan harganya relatif lemah, terutama di pasar Asia Tenggara yang sulit bersaing. Sebaliknya, beberapa pesanan dari pasar tujuan jauh berhasil diterima.

Cost pressure is evident, but confirmed export transactions have not demonstrated a complete pass-through into realised HRC prices