The purchase price adjustment for steel scrap at Anyang Steel in Henan was updated today. Please feel free to contact us if needed!

As of April 25, SMM data showed that the total inventory of 35 ports was 139.94 million mt, an increase of 2.1 million mt WoW. The daily average port pick-up volume of imported ore was 3.15 million mt, up 165,000 mt WoW. On the port arrivals side, weather conditions improved, and arrivals remained at a high level. According to the latest SMM tracking data, pig iron production at steel mill blast furnaces continued to rise, driving port pick-up volume higher. Overall, due to the impact of high port arrivals, total port inventory was in an accumulation state. Looking ahead to next week, considering the impact of restocking before the Labour Day holiday, port pick-up volume may continue to rise, and port inventory may experience slight destocking.

SMM Stainless Steel Spot Market Daily Review: Stainless Steel Inventory Pulls Back While Demand Remains Weak, Short-Term Prices Stabilize. On April 24, SS futures showed a volatile pattern, with price movements lacking clear direction, and the spot market continued its previous stable trend. As the Labour Day holiday approaches, the anticipated pre-holiday stockpiling demand did not materialize, and downstream buyers remained cautious with a strong wait-and-see sentiment. Transactions were mainly concentrated on low-priced warrant supplies, and the overall trading atmosphere was subdued, with low market activity. In the futures market, the most-traded contract SS2506 stopped falling and began to rebound. At 10:30 AM, SS2506 was quoted at 12,745 yuan/mt, down 40 yuan/mt from the previous trading day. In the Wuxi region, the spot premiums/discounts for 304/2B were in the range of 425-625 yuan/mt. In the spot market, the average price of cold-rolled trimmed 304/2B coils in Wuxi was 13,100 yuan/mt, while in Foshan it was 13,150 yuan/mt. In Wuxi, the price of cold-rolled 316L/2B coils was 23,650 yuan/mt, and in Foshan it was 23,800 yuan/mt. The price of hot-rolled 316L/NO.1 coils was quoted at 22,900 yuan/mt in both regions. Notably, social inventory of stainless steel declined significantly this week. After the release of related data in the afternoon, market sentiment was somewhat boosted, and coupled with the rebound in the futures market, stainless steel quotations were raised. However, downstream customers still maintained a wait-and-see attitude, with low purchasing enthusiasm. Currently, the cautious wait-and-see sentiment in the market is difficult to alleviate in the short term, and downstream end-use demand remains weak. It is expected that stainless steel prices will maintain a relatively stable trend in the short term.

Today, the DCE iron ore futures moved downwards after a higher opening and remained in the doldrums throughout the day. The most-traded contract I2509 finally closed at 720.5, with a daily decline of 0.28%. Traders followed the market to sell goods.

Today, the iron ore futures opened higher but moved downwards, remaining in the doldrums throughout the day. The most-traded contract I2509 finally closed at 721, with a daily decline of 0.28%. Traders followed the market to sell goods. As the May Day holiday approaches, most steel mills have a restocking demand. The market trading atmosphere was moderate.

The total stainless steel inventory in Wuxi and Foshan decreased from 999,400 mt to 985,800 mt this week (April 18-24, 2025), down 1.36% WoW.

SMM Rebar Daily Review: Macro News Disturbance, Market Falls into Wait-and-See "Fog" Today, rebar futures fluctuated downward, closing at 3,106, down 0.1% from the previous trading day. The futures market was in the doldrums, with strong market sentiment of wait-and-see and weak speculative willingness. The overall trading volume was lower than yesterday...

Domestic Iron Ore Brief Review: May Day Restocking Drives Potential Price Increase for Iron Ore Concentrates in Tangshan Region. The price of iron ore concentrates in the Tangshan region has remained relatively stable, with the delivery-to-factory price for 66-grade dry basis including tax at 940-950 yuan/mt. Local mines and beneficiation plants are holding firm on their asking prices, supported by the high cost of local spot cargo, which is also a reason for producers to maintain high asking prices. Additionally, the volume of resources transferred to Tangshan from low-titanium areas in eastern Liaoning, low-grade high-titanium areas in western Liaoning, Chengde, and Qinglong regions is limited.

【SMM Analysis: Increased Warrant Pickup Volume Drives Weekly Stainless Steel Destocking by 1.4%, Future Market Remains Uncertain】SSMM reported on April 24 that the total stainless steel inventory in Wuxi and Foshan decreased from 999,400 mt to 985,800 mt this week (April 18-24, 2025), down 1.36% WoW. Demand remained stable, while steel mills urged for cargo pick-up, but agents and traders were cautious due to high inventory levels. Wuxi saw destocking across all categories, with a significant drop in the 300-series. Foshan experienced inventory buildup in the 200-series and 400-series, while the 300-series saw destocking. The accelerated destocking has improved cash flow, but traders are struggling to make profits. With the May Day holiday approaching, downstream sectors may moderately restock, but poor export and domestic demand conditions, coupled with the upcoming off-season in May, may impact destocking speed. Inventory is expected to remain stable with minor fluctuations next week.