【SMM Steel】Turkey's Habaş starts EIA for İzmir cold rolling plant

According to SMM data, in the first week after the holiday, the national social inventory of hot-rolled coil in 86 warehouses (large sample) surveyed by SMM was 5.3775 million mt, up 1.1404 million mt WoW, up 26.92% WoW, and up 31.57% YoY on a lunar calendar basis. In the first week after the holiday, the national social inventory accumulated significantly. By region, the markets with larger accumulations were south China, east China, and north China.

Outlook: Prices of cold-rolled non-oriented silicon steel in Shanghai are expected to operate steadily with a slight upward bias next week.

[Silicon Steel Pattern Drastic Change: High-End Surges, Low-End Exits the Market, Structural Capacity Restructuring Is Imminent!] Looking ahead to the next five years, several silicon steel projects are currently awaiting commissioning. However, the issue of domestic silicon steel oversupply persists, and further capacity expansion is expected to intensify the supply-demand imbalance, continuously putting pressure on silicon steel prices. Meanwhile, the price of hot-rolled coil as the cost base remains firm, leading to shrinking profits for silicon steel producers. Even leading enterprises see meager profits or even losses when producing low-grade products, with only high-grade silicon steel maintaining relatively good profitability. Coupled with mandatory energy efficiency standard upgrades at the policy level, the commissioning of high-end silicon steel capacity and the phasing out of outdated capacity are imminent. The structural restructuring of silicon steel capacity has officially begun!!!