Market Insights
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Billet prices in Tangshan in North China's Hebei province extended their on-week gains during the week of April 20-26 to hit the highest level this year, the latest Mysteel data shows. Market sentiment had remained buoyant, boosted by broad gains in prices of ferrous futures last week.
Sizable Chinese industrial enterprises saw their total profits amount to Yuan 1.7 trillion ($248.3 billion) in the first quarter of 2026, posting a marked 15.5% on-year jump from the same period last year, according to the latest release from China's National Bureau of Statistics (NBS) on April 27.
PT Indonesia Tsingshan Stainless Steel (ITSS), the Indonesian production base of China's Tsingshan Holding Group, raised its export price quotes for 304-grade stainless cold-rolled products by $30/tonne last Friday as market concerns over tighter nickel supply intensified.
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