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

According to the SMM survey, as of April 23, the operating rate of blast furnaces in 242 steel mills surveyed by SMM was 88.58%, up 0.8 percentage points WoW.

Today, the DCE iron ore futures surged significantly, with the most-traded contract I2509 closing at 727.5, up 2.11% for the day. Traders were active in selling, while steel mills mainly purchased as needed. The market transaction atmosphere was moderate.

Today, iron ore futures surged significantly, with the most-traded contract I2509 closing at 727.5, marking a daily increase of 2.11%. Traders showed good enthusiasm for selling, while steel mills primarily purchased as needed. The market transaction atmosphere was moderate. In the Shandong region, the mainstream transaction price of PB fines was around 775 yuan/mt, up by 3-5 yuan/mt compared to yesterday. In the Tangshan region, the transaction price of PB fines was around 775-780 yuan/mt, down by 2-5 yuan/mt compared to yesterday.

SMM Stainless Steel Spot Market Daily Review: Tariff Expectation Improvement Drives Futures Rebound, Stainless Steel Spot Transactions Remain Weak and Await Change. On April 23, last night's news showed that US President Trump stated that the current tariffs on China are too high and plans to significantly reduce them, releasing a positive signal of tariff war easing. Meanwhile, Trump clearly stated that he has no intention of firing Fed Chairman Powell, and this series of remarks significantly cooled market risk aversion sentiment. As a result, the futures market performed strongly overall, with all varieties except gold rising, and SS futures also rebounded after the daytime session opened. However, despite the rebound in futures prices, the spread between futures and spot prices for stainless steel remains significant. Due to market doubts about the subsequent trend, the cautious wait-and-see atmosphere is strong, and downstream purchasing enthusiasm has not been effectively boosted, with market transactions remaining weak. Current market transactions are still dominated by low-priced warrants, and overall trading activity has not improved significantly. In the futures market, the most-traded contract 2506 stopped falling and began to rebound. At 10:30 am, SS2506 was quoted at 12,785 yuan/mt. In the spot market, the average price of cold-rolled trimmed 304/2B coils in Wuxi was 13,125 yuan/mt, and in Foshan, it was 13,155 yuan/mt. Currently, although the US has released signals of tariff easing, specific policy measures have not yet been announced, and the subsequent impact on the market remains uncertain. At the spot market level, even as the Labour Day holiday approaches, the expected pre-holiday stockpiling surge has not arrived. Dominated by cautious wait-and-see sentiment, market transactions continue to be sluggish. Although current stainless steel prices are at relatively low levels, downstream demand...

【SMM Steel Mill Guidance Price】Guidance Prices for Various Series of Large Domestic Stainless Steel Mills on April 23.

SMM Rebar Daily Review: Macro News Acts as a "Catalyst," Futures Trend Rises in Response. Today, rebar futures fluctuated upward, closing at 3,137, up 1.46% from the previous trading day. Influenced by the rise in futures, market sentiment improved, and spot cargo transactions at lower prices increased, with overall trading conditions favorable.

【Domestic Iron Ore Brief Review: Iron Ore Concentrate Prices in Western Liaoning May Rise Slightly】The market prices of domestic ore in western Liaoning have remained stable, with the ex-factory price for 66-grade wet basis excluding tax at 700-710 yuan/mt. Local ROM resources are hard to find, and the production costs of beneficiation plants are relatively high. Producers, considering their own profits, still have a strong sentiment to stand firm on quotes. Additionally, large mines have limited supply, with most directly delivered to steel mills, resulting in tight spot cargo resources in the market. In-production beneficiation plants have low inventory and are not in a hurry to sell, thus providing support for the asking prices.

【SMM Lecong HRC Inventory】This week, Lecong inventory continued to significantly decrease. This week, Lecong HRC inventory was 70.7 mt, down 69,400 mt WoW, a decline of 7.25%; down 273,000 mt YoY, a YoY decline of 27.86%.