【SMM Steel】India's Sun Mark Stainless Commissions Stainless Steel Seamless Pipe Line

[Plate/HRC] Today HRC and other flat-product export prices edged up USD 1/tonne day on day, with HRC transaction prices at 485-489 USD/tonne. Overseas Indonesian slab dipped to 465 USD/tonne today, while the domestic price still held at 470 USD/tonne; that level is understood to have essentially reached the domestic cost line, so further cuts by Chinese mills look unlikely. [Billet] Today export billet was offered at 451-455 USD/tonne FOB Jiangyin. Market feedback indicates that heavy domestic sales pressure has lifted mills' appetite for billet exports, with some recently lowering prices to move cargo to exporters, while overseas customers' inquiries were unremarkable. [Rebar] Today Tianjin rebar export prices were steady, with some mills quoting slightly lower and overall transaction prices at 478-483 USD/tonne. Some market participants reported discounted deals today, mostly in small lots, while order intake at the majority of mills that did not cut prices remained poor.

[Mo Express] SMM July 29: A steel mill in Shanxi had a FeMo tender price of 331,000 yuan/mt (acceptance) on July 28. A steel mill in Jiangsu set a FeMo tender price of 334,500 yuan/mt, acceptance, on July 29.