[SMM Tinjauan Mingguan UE] Kebijakan Baru Memicu Sektor UE; Ketertelusuran Leleh dan Tuang serta Gangguan Slab Mendorong Realisasi Penuh

Global long steel prices are expected to remain under upward pressure over the next quarter despite subdued consumption, the International Rebar Producers and Exporters Association (IREPAS) said in its September short-range outlook. The association attributed the anticipated price support mainly to higher energy and logistics costs, geopolitical disruptions and increasingly restrictive trade measures rather than any significant recovery in underlying steel demand. Global crude steel production moved from growth of 1.7% year on year in June to a decline of 0.3% in July, while China’s output shifted from 0.4% growth to a 3.6% contraction. However, global production during January–July was down by only 0.6%, which IREPAS said was insufficient to indicate a meaningful market rebalancing. Chinese steel bar exports increased by 20.9% year on year in July and by 12.3% during January–July. IREPAS said tighter EU and UK import quotas were improving supply-demand conditions within those protected markets but redirecting surplus material towards markets with fewer trade restrictions. European long steel prices were being pushed higher primarily by energy and transportation costs, with demand remaining weak. India, Southeast Asia, Africa and selected US construction segments were identified as the stronger opportunities for long steel products. Meanwhile, the global ferrous scrap market remained weak as mills resisted raw-material price increases that could further compress margins.

[GCC] Penilaian rebar bulanan UEA turun 4 USD/ton menjadi 783 USD/ton EXW pada bulan September. Permintaan yang lemah dan resistensi pembeli mendorong beberapa pabrik untuk menurunkan penawaran menjadi sekitar 773-780 USD/ton EXW. Di Arab Saudi, Hadeed mempertahankan penawaran rebar 12-32 mm di 747 USD/ton CPT Riyadh, sambil menaikkan penawaran wire rod 5,5-6,5 mm sekitar 33 USD/ton menjadi 807 USD/ton.

Pasar baja domestik India tetap beragam selama sepekan (31 Agustus–4 September), dengan harga menunjukkan pergerakan naik dan turun pada baja setengah jadi maupun baja jadi. Secara keseluruhan, aktivitas pembeli tetap berhati-hati dan berdasarkan kebutuhan dengan permintaan yang moderat. Billet Mandi Gobindgarh naik 1,05 USD/ton (100 INR/ton) menjadi 492,14 USD/ton (46.500 INR/ton) delivered Mandi. Billet Raipur turun 9,52 USD/ton (900 INR/ton) menjadi 444,52 USD/ton (42.000 INR/ton) EXW Raipur. Harga rebar naik 5,29 USD/ton (500 INR/ton) menjadi 530,24 USD/ton (50.100 INR/ton) EXW Mumbai. Rebar Durgapur turun 10,58 USD/ton (1.000 INR/ton) menjadi 478,38 USD/ton (45.200 INR/ton) EXW Durgapur. Ingot Mandi naik 1,05 USD/ton (100 INR/ton) menjadi 492,17 USD/ton (46.500 INR/ton) EXW Mandi. Harga sponge iron PDRI naik 6,35 USD/ton (600 INR/ton) menjadi 315,41 USD/ton (29.800 INR/ton) EXW Bellary. Harga sponge iron PDRI turun 5,29 USD/ton (500 INR/ton) menjadi 309,06 USD/ton (29.200 INR/ton) EXW Raipur. Harga scrap lebur naik 6,35 USD/ton (600 INR/ton) menjadi 388,43 USD/ton (36.700 INR/ton) ex-yard Alang. 8Ani (12mm) tidak berubah di 445 USD/ton (42.100 INR/ton) ex-yard Alang. HMS 1&2 (80:20) naik 1,05 USD/ton (100 INR/ton) menjadi 401,13 USD/ton (37.900 INR/ton) delivered Mandi.