[Assofermet Warns Ilva Shutdown Threatens Italy's Steel Self-Sufficiency]

[Malaysia] Domestic S275JR HRC offers stood at approximately 2,200 MYR/tonne EXW for regular buyers and 2,230 MYR/tonne EXW for non-regular buyers. Meanwhile, 16mm B500B rebar reached 2,180 MYR/tonne EXW, up 30 MYR/tonne week on week, while C12D wire rod rose 50 MYR/tonne to 2,300 MYR/tonne delivered. Indonesian-origin 3SP billet and SAE1008 wire rod were priced at 495–500 and 525–530 USD/tonne CFR Malaysia respectively. Indonesian-origin SAE1006/SS400 slab stood at 505–510 USD/tonne CFR Malaysia. Domestic construction steel demand remained weak, providing limited support for prices.

India's expanding steel capacity is expected to support stronger domestic ferro-alloy demand, but raw-material availability and high power costs remain key constraints, the Indian Ferro Alloy Producers' Association said at the International Ferro Alloys Conference in Goa. The industry body called for faster development of domestic manganese and chrome ore resources, lower power-related costs and zero import duties on certain raw materials where suitable domestic grades are unavailable. It said these measures would help Indian ferro-alloy producers remain competitive as demand for silicomanganese, ferromanganese, ferrochrome and other alloying materials rises alongside steel production. The association also highlighted the need for cleaner energy, improved furnace efficiency and better raw-material utilisation as the sector expands.

[Sheets & Plates] HRC and other sheets & plates export prices rose $1-2/mt WoW today, with some products holding steady. HRC transaction prices were concentrated in the $492-495/mt range. Recently, China's price advantage has been greater than outside China, and with the upcoming dual festivals, overseas purchasing activity has improved significantly, leading to better market transactions.