Hot News

• 

  【SMM Steel Morning Meeting Minutes】Raw Material End Still Provides Support, Finished Product Prices May Fluctuate Rangebound

  SMM Steel Morning Meeting Summary: Raw Material Side Still Provides Support, Finished Product Prices May Fluctuate Rangebound. On the news front, the World Trade Organization released its latest "Global Trade Outlook and Statistics" report, indicating that global merchandise trade volume is expected to decline by 0.2% in 2025, nearly 3 percentage points lower than the forecast under the "low tariff" baseline scenario. Cost side, iron ore demand remains strong, providing price support, while coke prices are stable in the short term, with moderate cost support. Supply side, this week, some steel mills in north-east and north China completed maintenance, and pig iron flow resumed in some mills in south China, with HRC production slightly down MoM.

• 【SMM Steel Market Morning Brief】Li Qiang: Accelerate the Implementation of Major Strategies and Reform Measures

  The State Council conducted its 13th thematic study session under the theme "Strengthening Expectation Management and Coordinating Policy Implementation and Expectation Guidance." Premier Li Qiang, while presiding over the session, emphasized the need to thoroughly study and implement the important directives of General Secretary Xi Jinping and the decisions and arrangements of the CPC Central Committee regarding stabilizing expectations and strengthening confidence. He called for a deeper understanding of the importance of enhancing expectation management, aligning with the current situation, and making concerted efforts to promote stable and positive social expectations, thereby forming a strong synergy to address risks and challenges and jointly drive high-quality development.

• AICE 2025 Continues to Soar in Popularity! Discussing the Future of Aluminum Industry Innovation!

• The price of alumina experienced a slight rebound, while the short-term aluminum price maintained a fluctuating trend. [SMM Aluminum Futures Brief]

• As tariff impacts gradually diminished, stainless steel inventory decreased by 0.28% week-over-week amid shifting supply-demand dynamics

  SMM reported on April 17 that from April 10-17, 2025, the total stainless steel inventory in the Wuxi and Foshan markets decreased from 1.0022 million mt to 999,400 mt, down 0.28% WoW. The destocking was mainly due to the digestion of bearish sentiment caused by the tariff event, and the downstream purchase enthusiasm rebounded.