Data: Pergerakan pasar SHFE, DCE (13 Okt)

India's Finance Minister Nirmala Sitharaman has called for coordinated international action to address global steel overcapacity, warning that unilateral tariffs merely redirect surplus steel between markets without resolving underlying production imbalances. Speaking at the World Steel Association General Assembly in New Delhi on October 12, Sitharaman emphasised the need for greater transparency and multilateral disciplines on subsidies that sustain uneconomic steelmaking capacity. She noted that India's steel industry continues to expand on the back of strong domestic consumption, with crude steel production rising 10% to approximately 165 million tonnes in 2025, while finished steel consumption reached around 164 million tonnes in FY2025–26. The minister also highlighted the impact of increasing trade restrictions and the European Union's Carbon Border Adjustment Mechanism (CBAM) on global steel trade. The remarks underline India's support for addressing structural overcapacity through international cooperation, although no new import restrictions or tariff measures were announced.

Regulation 2026/2269 of the European Parliament and of the Council, published in the Official Journal of the European Union on October 9, took effect on October 10. Its first annex covers ferro-alloys under Combined Nomenclature heading 7202 and other metal oxides under heading 2825. Qualifying Armenian-origin ferromolybdenum and molybdenum oxides and hydroxides can therefore enter the European Union free of ad valorem import duty. The measure applies until October 11, 2028, subject to origin, documentation, suspension and safeguard provisions. The move from anticipated relief to effective zero-duty access strengthens the competitiveness of Armenian molybdenum products, while any increase in trade volumes remains to be confirmed.

[Indonesia] Harga HRC bertahan stabil di USD 515 per metrik ton FOB hari ini, setelah turun USD 10 per metrik ton dari USD 525 pada Jumat (9 Oktober 2026) menjadi USD 515 pada Senin (12 Oktober 2026). Terdapat laporan mengenai penawaran besar dari Vietnam, yang menambah tekanan kompetitif pada pabrik baja Indonesia. Dengan permintaan keseluruhan yang masih lemah, pabrik baja kekurangan daya tawar yang cukup untuk mempertahankan harga. Ke depannya, harga slab telah turun selama dua hari berturut-turut, sebesar USD 8 per metrik ton pada Senin dan turun lagi USD 2 per metrik ton hari ini menjadi USD 480 per metrik ton FOB. Karena slab merupakan bahan baku untuk HRC, hal ini dapat memberikan tekanan penurunan lebih lanjut pada harga HRC jika permintaan tidak membaik.