Steel Market Update 

Advisory Bazaar Info Services

🔹 China Domestic Ore:

Shandong’s 64-grade concentrate rose by 9 yuan WoW to 786 yuan/mt. Steel mills showed strong buying interest despite low inventories. Supply remained stable.

🔹 Imported Ore:

DCE iron ore futures dropped 0.68% to close at 731. PB fines in Shandong and Tangshan fell 2–5 yuan/mt WoW. Market sentiment weakened due to concerns over expiring tariff exemptions.

🔹 Coking Coal:

Prices at 1,180 yuan/mt in Linfen and 1,200 yuan/mt in Tangshan. Some production cuts reported, but auction activity improved, supporting stable short-term prices.

🔹 Coke:

Nationwide average for first-grade coke at 1,440 yuan/mt. Demand slightly improved, but pig iron output fell. Prices expected to stay stable in the near term.

🔹 Rebar:

Futures fell 0.68% to 3061. Spot prices dropped 10–40 yuan/mt amid weak demand and hot weather. EAF mills faced losses and limited scrap availability.

🔹 HRC (Hot-Rolled Coil):

Futures down 0.62% to 3191. Weak spot trading. Anti-dumping duties by Malaysia and Vietnam dampened export sentiment. Prices likely to fluctuate in the 3150–3250 range in the short term.