During the survey period (June 10 - June 16), the operating rate and capacity utilization rate of rebar rolling lines in the Central China region both declined; the weekly production of wire rod increased MoM.

According to the SMM survey, the impact from maintenance on construction steel decreased this week (6.14-6.20). There were more production resumptions and maintenance activities on construction steel rolling lines at steel mills last week and this week, resulting in an impact from maintenance on construction steel of 1.2615 million mt, a decrease of 57,500 mt WoW.

Today, DCE iron ore futures held up well, with the most-traded contract I2509 closing at 704.5, up 0.21% for the day. Traders showed moderate enthusiasm for selling, while steel mills adopted a cautious wait-and-see attitude, with some conducting tenders. The market transaction atmosphere was average.

[SMM Rebar Daily Review: Rebar Futures' Rise Boosts Spot Cargo to Follow Suit, but Trading Volume Fails to Keep Up Amid Off-Season Demand] Today, rebar futures fluctuated upward, closing at 2,990, up 0.98% from the previous trading day. In terms of spot prices, most markets saw a slight increase in quoted prices driven by rebar futures, with rises of 10-30 yuan/mt, and overall trading performance was average throughout the day.

[Brief Review of Domestic Iron Ore Market: Iron Ore Concentrates Prices in Shandong Region May Remain Stable] This week, miners in Shandong reported a price of 790 yuan per mt (before tax, dry basis, acceptance) for 64% grade alkaline iron ore concentrates, a decrease of 7 yuan per mt. Steelmakers also lowered their prices accordingly. Most miners are operating normally, with inventory levels at many miners declining, and a few dropping to around 10,000 mt, easing the pressure to sell. Small mills and traders are mainly selling based on market conditions. However, the cost-effectiveness advantage of imported ore still exists.

[SMM Steel Mill Guidance Price] Guidance prices for various series of domestic large stainless steel mills on June 16

[SMM Stainless Steel Daily Review: Weak Stainless Steel Trading Persists with Prices Lingering at Low Levels] SMM June 16, today, SS futures continued their weak trend, fluctuating within the range of 12,600-12,500 yuan/mt. Spot stainless steel prices remained generally stable, but traders widely reported persistently sluggish trading. As the consumption off-season approaches, despite stainless steel prices having fallen to relatively low levels, downstream customers maintained a cautious wait-and-see attitude amid ample supply, primarily making just-in-time procurement, making significant price rebounds difficult. This afternoon, Tsingshan lowered its 201 futures prices, with general reductions of 70-100 yuan/mt, aiming to boost trading. Futures side, the most-traded contract 2508 fluctuated. At 10:30 am, SS2508 was quoted at 12,560 yuan/mt, up 20 yuan/mt from the previous trading day. In Wuxi, the spot premiums/discounts for 304/2B ranged between 360-610 yuan/mt. In the spot market, cold-rolled 201/2B coils in Wuxi and Foshan were both quoted at 7,750 yuan/mt; cold-rolled edge-trimmed 304/2B coils averaged 12,875 yuan/mt in both Wuxi and Foshan; cold-rolled 316L/2B coils in Wuxi were quoted at 24,000 yuan/mt, same as in Foshan; hot-rolled 316L/NO.1 coils were quoted at 23,350 yuan/mt in both locations; cold-rolled 430/2B coils in Wuxi and Foshan were both priced at 7,500 yuan/mt. Currently, the stainless steel market is deeply mired in the traditional consumption off-season, with persistently weak downstream demand. Although enterprises generally face cost inversion...