[SMM Steel Mill Guidance Price] Guidance prices for various series of domestic large stainless steel mills on June 6

Overall, according to data from the General Administration of Customs, the total export volume of HRC from China to Brazil in the first four months of 2025 was only 211,000 mt, accounting for 2.70% of China's total HRC exports, with limited overall impact. Data from 2025 shows that the top five countries for China's HRC exports are Vietnam, Pakistan, Saudi Arabia, South Korea, and the UAE. Among them, Vietnam and South Korea have initiated anti-dumping investigations into China's HRC. Vietnam has already imposed provisional anti-dumping measures, and there have even been recent rumors that wide coils, which were previously excluded from the anti-dumping scope, may be added to the anti-dumping list again. On March 4 this year, South Korea officially announced the initiation of an anti-dumping investigation into China's HRC coils. Currently, China's HRC, the largest exported steel product, is facing an increasing number of anti-dumping investigations. Perhaps for export traders, exploring ways to increase the export volume of products that are not yet subject to anti-dumping measures could be a wise strategy.

Today, DCE iron ore futures market continued to exhibit a fluctuating trend, holding up well. The most-traded contract I2509 eventually closed at 707.5, with a daily increase of 0.86%. Traders showed moderate enthusiasm for selling, while steel mills adopted a cautious wait-and-see attitude, with purchase willingness weakening slightly as the weekend approached.

[Brief Commentary on Domestic Iron Ore Market: Iron Ore Concentrates Prices in Tangshan Region May Fluctuate Rangebound] The domestic ore market in Tangshan is mostly stable, with individual prices dipping. Beneficiation plants and traders mostly maintain a wait-and-see sentiment, reducing their operations. Many independent beneficiation plants in Zunhua and Qianxi have halted production for maintenance. Some spot cargo holders, due to high costs, have not quoted prices for shipments, with individual asking prices being high. Only a few beneficiation plants are operating flexibly, with a significant reduction in the procurement of low-grade ore.

[SMM Stainless Steel Daily Review: Sluggish Start to Off-Season in June, High Stainless Steel Inventory and Sluggish Transactions] SMM reported on June 6 that today, the SS futures market continued to be in the doldrums. This week marks the first week after the Dragon Boat Festival holiday, coinciding with the traditional consumption off-season for stainless steel in June, resulting in a gloomy market atmosphere. During the holiday, news of price cuts by stainless steel mills exacerbated market pessimism. This week, spot transactions remained sluggish, with downstream players adopting a cautious wait-and-see attitude, and only just-in-time procurement remained active. Market monitoring indicated a significant increase in social inventory at major distribution centers such as Foshan and Wuxi during the week, due to high arrivals and slow shipments, leading to severe inventory backlogs. Traders faced increased pressure to sell, and despite actively offering discounts and adjusting prices, the market response was tepid, with no improvement in transactions. In the futures market, the most-traded 2507 contract was in the doldrums. At 10:30 a.m., SS2507 was quoted at 12,700 yuan/mt, up 10 yuan/mt from the previous trading day. In the Wuxi region, the spot premiums/discounts for 304/2B stainless steel ranged from 420 to 620 yuan/mt. In the spot market, the cold-rolled 201/2B coils in Wuxi and Foshan were both quoted at 7,850 yuan/mt; the average price of cold-rolled trimmed 304/2B coils was 13,050 yuan/mt in Wuxi and 13,050 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 23,350 yuan/mt in both regions; the cold-rolled 430/2B coils in Wuxi and Foshan were both quoted at 7,500 yuan/mt. Currently, the stainless steel market has fully entered the predicament of the traditional consumption off-season, with downstream demand remaining persistently sluggish...

This week, the total inventory of rebar was 5.3786 million mt, down 99,600 mt WoW, a decrease of 1.82% (previous value: -3.66%). Compared to the same period of the lunar calendar last year, it decreased by 1.9139 million mt, a decrease of 26.24% (previous value: -24.25%).