[SMM Aço]

This week, mines and beneficiation plants in Shandong quoted 64% grade alkaline powder at 810 yuan ex-mine on a dry, pre-tax, acceptance basis, and steel mills raised prices in tandem. Most mines and beneficiation plants maintained normal production as planned; steel mills, especially those in Hebei, purchased actively, with small mills and traders shipping according to scheduled orders. Trading in the region was relatively active throughout the week, and miners held no excess inventory. Recently, iron ore futures have shown a strong trend, which may lift domestic concentrate prices.

[Tarugo de aço] Hoje, o preço FOB de exportação de tarugo registrou leve alta de US$ 4/t, com o Porto de Jiangyin cotado a US$ 465–470/t. Segundo relatos, o recente aumento nas ofertas de exportação de tarugos foi maior que o de alguns exportadores estrangeiros, e sua vantagem de preço ficou relativamente fraca, especialmente no mercado do Sudeste Asiático, onde foi difícil competir. Em contrapartida, alguns pedidos de longo curso foram recebidos.

Cost pressure is evident, but confirmed export transactions have not demonstrated a complete pass-through into realised HRC prices