Industri Ferroalloy India Menyoroti Tekanan Bahan Baku dan Biaya Listrik seiring Bertambahnya Kapasitas Baja

[Vietnam] Domestic construction steel prices remained stable. Hoa Phat quoted wire rod and rebar at approximately 574 and 546 USD/tonne, respectively, while Viet Y’s northern market offers stood at around 567 and 536 USD/tonne. Pomina and VJS quoted wire rod at approximately 571 USD/tonne in the northern market, while Kyoei and VAS offered around 579 USD/tonne in the central market. Major mills maintained their offers, with listed wire rod prices ranging from approximately 567–579 USD/tonne.

[Malaysia] Penawaran HRC S275JR domestik berada di sekitar 2.200 MYR/ton EXW untuk pembeli reguler dan 2.230 MYR/ton EXW untuk pembeli non-reguler. Sementara itu, rebar B500B 16mm mencapai 2.180 MYR/ton EXW, naik 30 MYR/ton minggu ke minggu, sedangkan wire rod C12D naik 50 MYR/ton menjadi 2.300 MYR/ton delivered. Billet 3SP dan wire rod SAE1008 asal Indonesia masing-masing dihargai 495–500 dan 525–530 USD/ton CFR Malaysia. Slab SAE1006/SS400 asal Indonesia berada di 505–510 USD/ton CFR Malaysia. Permintaan baja konstruksi domestik tetap lemah, memberikan dukungan terbatas bagi harga.

The most-traded HRC contract closed at 3,317 today, with futures moving sideways and a full-day decline of 0.12%. In the spot market, HRC prices fell 10 yuan/mt MoM, and intraday trading weakened MoM. SMM balance data released today showed production continued to increase, while both mill inventory and social inventory destocked to some extent. Among them, HRC social inventory at 86 warehouses nationwide (large sample) tracked by SMM stood at 4.6518 million mt, down 10,700 mt MoM, or -0.23% MoM, and up 25.37% YoY on a calendar-year basis. By region, except for a larger decline in east China, other regions still saw inventory buildup. Outside China, large traders recently saw a notable improvement in coil export orders, and the expected improvement in demand in markets outside China is gradually materializing. In summary, HRC prices are expected to continue moving sideways in the short term, with continued attention on further release of restocking demand around the two holidays and the gradual recovery of market sentiment.