On May 27, 2025, exciting news emerged from Maasim Town, Sarangani Province, southern Philippines. The 200,000-ton annual coated steel production line of the integrated steel project invested by China's Panhua Group was successfully commissioned, and the first coil of coated steel products rolled off the production line. This milestone achievement marks significant progress in the construction of the first full-process integrated steel plant in the history of the Philippines.​

Today, DCE iron ore futures were in the doldrums, with the most-traded contract I2509 closing at 698.5, down 1.76% for the day. Traders sold goods in line with market conditions, while steel mills adopted a wait-and-see attitude and purchased as needed.

[SMM Steel Mill Guidance Price] Guidance prices for various series of domestic large stainless steel mills on May 27

[SMM Stainless Steel Daily Review: Stainless Steel Off-Season Arrives with High Supply, Weak Transactions Remain Unimproved] SMM reported on May 27 that today, the SS futures market fluctuated rangebound. Despite the significant decline in futures prices for ferrous metals series such as rebar and HRC in recent times, the stainless steel futures market remained relatively stable without significant impact. In the spot market, transactions remained sluggish today, with low-price deals dominating. Currently, the stainless steel market has entered the off-season for consumption, yet the decline in stainless steel production this month has not been significant, making it difficult to balance production with end-use consumption demand. Moreover, with social inventory already at a high level, traders are facing substantial sales pressure. To recoup funds, they have adopted a strategy of offering discounts to facilitate sales, leading to a weakening trend in stainless steel spot prices. In the futures market, the most-traded contract 2507 fluctuated. At 10:30 a.m., SS2507 was quoted at 12,835 yuan/mt, down 25 yuan/mt from the previous trading day. In the Wuxi region, the spot premiums/discounts for 304/2B stainless steel ranged from 385-585 yuan/mt. In the spot market, the cold-rolled 201/2B coils in both Wuxi and Foshan were quoted at 7,975 yuan/mt; the average price for cold-rolled trimmed 304/2B coils was 13,150 yuan/mt in Wuxi and 13,150 yuan/mt in Foshan; the cold-rolled 316L/2B coil was quoted at 24,050 yuan/mt in Wuxi and 24,050 yuan/mt in Foshan; the hot-rolled 316L/NO.1 coil was quoted at... in both regions.

[SMM Rebar Daily Review: Rebar Futures and Spot Prices "Resonate Downward", Market Confidence Hits "Rock Bottom"] Today, rebar futures fluctuated downward, closing at 2,980 yuan/mt, down 1.23% from the previous trading day. On the spot price side, the wait-and-see sentiment in the market continued to intensify, with spot rebar prices across the country continuing to decline, with price drops ranging from 10 to 50 yuan/mt. Overall trading volume for the day remained weak.

[Brief Commentary on Domestic Iron Ore Market: Iron Ore Concentrates Prices in Tangshan Region May Remain in the Doldrums] Prices in the domestic ore market in Tangshan have slightly declined in some areas due to pressure from steel enterprises. The ex-factory prices of 66-grade iron ore concentrates (dry basis, tax included) have decreased by 10-15 yuan, now standing at 920-925 yuan/mt. The progress of production resumptions at local iron ore mines has been slow, with limited marketable resources available. On the one hand, some producers have significantly low inventory levels and are reluctant to sell goods under the circumstances where restocking is difficult.