【SMM Steel】Australia's BlueScope launches commissioning of new metal coating line at Erskine Park

The DCE iron ore futures moved sideways today, with the most-traded contract I2609 closing at 781 yuan/mt, down 0.19% from the previous trading session. Port spot prices edged down 0-3 yuan from the previous day.

SMM News Flash:  [HRC] Today, the HRC export price increased slightly by 2-3 USD/tonne compared to the previous day, with the transaction price ranging from 500 to 508 USD/tonne. Although the market has shown some signs of recovery recently, the actual market transaction situation has not improved accordingly. Last week, the actual transaction price of large northern mills remained at 520 USD/tonne or higher, [Vietnam] Hoa Phat Steel announced its latest ex-works list prices for domestic sales HRC with July 2026 delivery. SAE1006/SS400 grades were quoted at 15,360 VND/kg for the northern and central regions and 15,390 VND/kg for the southern region (all excluding VAT), equivalent to approximately 604 – 606USD/tonne, down 13 USD/tonne MoM.

[Steel Billet Price Adjustment] On June 1, Tangshan Qian'an plain square billet resources were raised by 10 ex-factory, tax included, quoted at 3,030. (yuan/mt) [SMM Steel]