[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.

[SMM Steel] Umpan balik pasar menunjukkan bahwa harga FOB billet persegi 3SP 150*150 mm saat ini ditawarkan pada $467/mt, dan pelabuhan pengirimannya adalah Pelabuhan Jiangyin.

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