【Steel Mill Price Adjustment】Guidance price for construction materials of Anhui Changjiang Steel on April 28: Rebar, coiled rebar, and wire rod increased by 30 simultaneously.

[Price Adjustment by Steel Mill] On April 28, Shougang Group Changzhi adjusted the prices of construction steel: rebar prices increased by 30, while coiled rebar and wire rod prices uniformly increased by 20.

Sheng Qiuping, Vice Minister of Commerce, said at a press conference held by the State Council Information Office on April 27 that the Ministry of Commerce will continue to deepen the construction of international consumption center cities and support the expansion of inbound consumption. The Ministry of Commerce will create an international consumption environment, guide localities in optimizing foreign-related payment services, enhance the effectiveness of the departure tax refund policy, and establish a number of international consumption clusters and inbound consumption-friendly business districts to address the bottlenecks and pain points faced by foreigners in consuming in China. Recently, the financial authorities have been actively studying the provision of special fund support to relevant parties.

[SMM Steel Morning Meeting Summary] From a fundamental perspective, on the supply side, EAF steel mills, affected by profitability, have mostly maintained their previous production levels, with relatively stable output of building materials. Blast furnace steel mills have recently seen an increase in maintenance activities, leading to a reduction in supply pressure after the holiday. On the demand side, influenced by rumors of crude steel production cuts, market sentiment has significantly improved. Coupled with the ongoing restocking demand before the May Day holiday, steel inventories have continued to decline, with some provinces experiencing shortages of rebar specifications. The bottom support for steel prices remains relatively firm. Overall, the market currently maintains a weak balance between supply and demand, with relatively small fundamental imbalances. Short-term prices are likely to fluctuate with market sentiment. It is expected that steel prices will continue to hold up well today, but caution should also be exercised regarding potential sentiment changes due to the insufficient sustainability of the rumors' popularity.

[SMM Rebar Daily Review: Will Market Sentiment Persist Amid Renewed Production Restriction Rumors?] There was no guidance from the futures market today, but influenced by rumors of production restrictions on crude steel during Friday's night session, spot cargo prices across various regions all rose, with increases ranging from 20 to 40 yuan/mt. Trading performance throughout the day was moderate.

[Steel Mill Maintenance] JISCO is expected to conduct a 15-day maintenance on a rebar rolling line on May 6...

【Steel Mill Price Adjustment】On April 27, Anhui Changjiang Steel adjusted the guidance price for building materials: rebar, coiled rebar, and wire rod were all increased by 20.

【Steel Mill Price Adjustment】On April 27, Shougang Changzhi adjusted the construction steel prices: rebar remained stable, while coiled rebar and wire rod were uniformly increased by 20.