[일본제철, 야하타 탈탄소 추진 위해 기록적인 340톤 전기로 가동]

[Europe] European mills are attempting to push offer prices higher for December production schedules. Although underlying demand remains subdued, concerns over tightening import availability and domestic operational disruptions are gradually taking center stage. In terms of pricing, Northwest European HRC ex-works prices ticked up slightly to 729 EUR/tonne EXW (~819 USD/tonne), while the Italian domestic price softened to 735 EUR/tonne EXW (~826 USD/tonne). A service center in Northern Europe noted that low-priced cargoes secured earlier are no longer attainable, with fresh mill offers climbing to 740–760 EUR/tonne DDP (~831–854 USD/tonne). In Southern Europe, mainstream mills broadly anchored delivered offers at 740 EUR/tonne DDP, though producers frankly admitted that their outlook for subsequent market trends remains unoptimistic. On the import and quota front, as provisional anti-dumping duties on Turkish HRC are still being calculated and anticipated to be steep, European buyers are broadly withdrawing customs clearance filings for Turkish material to avert duty risks. Quota tracking data revealed that Turkey exhausted its dedicated country-specific quota today, consequently forfeiting access to the residual Free Trade Agreement (FTA) quota reserve; India has cleared 103,000 tonnes, leaving approximately 46,000 tonnes remaining. With substantial volumes of arriving shipments deferred, the market widely anticipates this rollover will severely congest and exhaust import quota capacity in the first quarter of next year.

[Turkey] Turkish domestic rebar prices remained locked in a downward channel, with benchmark ex-works levels temporarily holding at 615 USD/tonne EXW (excluding VAT). Regionally, Iskenderun traders lowered offers to 610 USD/tonne EXW, while Marmara mills followed suit by cutting prices by 5–10 USD/tonne to 630–640 USD/tonne EXW. However, buyer counter-bids remain exceptionally low, with traders noting that cash-purchase floors have retreated to 600 USD/tonne. On the macro front, the financial reverberations following the liquidation of over 100 investment funds in September continue to spread, further tightening market liquidity and dampening business confidence. In the semis sector, domestic Turkish billet held at 570 USD/tonne EXW amid an enduring stalemate of weak supply and sluggish demand. On imports, due to the Chinese holiday closure and shipping hurdles in the Black Sea, Turkish imported billet consolidated at 520 USD/tonne CFR. Russian suppliers noted that Baltic port transshipment remains constrained due to rail capacity prioritizing grain exports, though several bulk carriers laden with steel products have recently arrived at Turkish ports. Crucially, maritime security across the Black Sea has deteriorated sharply; following the October 5th vessel sinking, two dry bulk carriers were attacked within Bulgaria's exclusive economic zone on October 6th. This spike in geopolitical tension is expected to inflate regional freight risk premiums, threatening severe disruptions to Turkey's maritime steel trade routes.

EraNova Metals가 캐나다에 100% 지분을 보유한 Adanac 몰리브덴 프로젝트에 대한 NI 43-101 PEA 기술 보고서를 제출했다. 이 보고서는 8월 6일 발표된 결과와 실질적인 차이 없이 확인되었다. 제안된 일일 3만 톤 처리 규모의 운영은 광산 수명 24년, 연평균 몰리브덴 생산량 1,140만 파운드(약 5,171톤)를 목표로 하며, 광산 수명 전체에 걸쳐 지급 가능 몰리브덴은 2억 7,010만 파운드(약 12만 2,515톤)에 달한다. 초기 자본 비용은 9억 5,330만 캐나다 달러로 추정된다. EraNova는 타당성 조사에 착수하고 환경 평가 및 인허가 절차를 진행할 계획이다. PEA는 여전히 예비 단계이며, 최종 투자 결정이나 생산 일정은 확정되지 않았다.