Latest Update in the SMM Finished Steel Market

DCE iron ore continued to fluctuate in a day，and rise in the end; The main contract I2409 closed at 884.5. an increase of 0.06% throughout the day;

As of April 25, the social inventory of stainless steel totalled 914,700 mt, down 0.94% WoW.

Imports: According to SMM statistics, China's stainless steel imports in March were 161,500 tons, down 30.76% MoM and 3.07% YoY.

DCE iron ore futures continued to fluctuate in a day，but the growth rate has narrowed. The main contract I2409 closed at 879.5. an increase of 1.03% throughout the day; Traders ship according to market conditions;

According to SMM research, On April 24, stainless steel prices underperformed.

HRC production at 41 steel mills surveyed by SMM reached 3.4447 million mt in the week ending Apr 25, down 24,100 mt.

DCE iron ore futures rose largely today， The main contract I2409 closed at 888. an increase of 3.08% throughout the day; some traders were active to sell,

On April 24, SS 2409 contract closed at 14,330 yuan/mt, up 165 yuan/mt compared with the last trading day.