📉 Steel Market Update

Advisory Bazaar Info Services

🔹 China Domestic Iron Ore: Prices in Tangshan rose slightly. Higher steel prices and strong futures boosted buying sentiment, but high prices limited actual purchases.

🔹 Imported Iron Ore: Futures surged, but spot market activity remained average. Port supply declined slightly, keeping prices stable.

🔹 Coking Coal: Prices remained stable at 1,210–1,230 yuan/ton. Demand stayed firm, and mine inventories dropped to medium-low levels.

🔹 Coke: A first-round price hike of 50–55 yuan/ton is agreed upon. Tight supply due to production cuts may keep prices firm in the short term.

🔹 Rebar: Futures saw slight gains, but demand stayed weak. Spot prices remained stable; construction activity remains sluggish due to weather.

🔹 HRC (Hot Rolled Coil): Futures and spot prices edged up. Exports improved, but seasonal demand weakness and weather pressure limit upside.

📌 Summary: Strong cost-side support and firm futures may keep prices stable, but weak demand will likely cap any significant upward movement.