【AS Setujui Izin Tambang untuk Area “Tanpa Nama” di Navajo Mine, Otorisasi Perolehan Sekitar 503 Juta Ton Batu Bara】

This week, HRC prices drifted lower, market sentiment cooled somewhat, and overall trading performance fell short of last week. In terms of supply, mill line maintenance changes were relatively small this week, and overall HRC production increased slightly. On the demand side, manufacturing is recovering slowly, but the September peak season demand surge has yet to materialize, and overall HRC demand performance was lackluster. On the inventory side, this week SMM's survey of 86 warehouses nationwide (large sample) showed HRC social inventory at 4.6413 million mt, up 10,500 mt WoW, or up 0.23% WoW. By region, east China and south China saw mild destocking, while central China, north China, and north-east China continued inventory buildup. Looking ahead, coke has expectations for a fifth-round price hike next week, but iron ore prices face relatively strong upward pressure from steel mills pushing for lower prices. Overall, HRC costs still provide support. From the demand side, with the September peak season arriving, HRC demand has expectations for improvement, creating some upward driving force. However, considering the current slow pace of demand recovery, support for a significant price rally remains insufficient. In summary, the most-traded HRC contract is expected to consolidate in the 3,350-3,430 range next week.

Vietnam's Formosa Ha Tinh Steel has taken a blast furnace off line on an emergency basis following a fault in its hot stove, according to market sources. The incident was caused by a fire spreading from a neighbouring site, with no fault found in the blast furnace itself. Formosa Ha Tinh produced around 5 million mt in 2025; based on a single-furnace outage, the shutdown is expected to affect roughly 200,000 mt of hot metal output on a monthly basis. A restart date has yet to be confirmed. Hoa Phat offered hot-rolled coil at around $452/mt on Thursday, some $5/mt below market expectations, reflecting soft domestic demand. The outage is set to tighten local flat steel supply further and push up import prices in Vietnam, which could indirectly strengthen the bargaining position of Chinese material.

Umpan balik pasar menunjukkan bahwa untuk Q235B HRC dengan spesifikasi 3,5*1250*C, harga transaksi FOB adalah $492/mt, dengan pengiriman dari Pelabuhan Jingtang.