5.6 SMM Global Steel Daily Report

Published: May 6, 2026 18:07

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SMM News Flash:

[Sheets & Plates] HRC export prices today rose 8-10 USD/tonne DoD, while other sheets & plates prices increased 6-10 USD/tonne, driven by a sharp rally in futures. As it was the first working day after the holiday, most sellers reported quite strong market inquiries. However, due to the rapid price increase, acceptance outside China was lukewarm, and actual transaction prices may still have been at pre-holiday levels.

[India] Major Indian steelmakers increased domestic HRC and CRC prices by around 11 USD/tonne for early May sales ahead of planned maintenance shutdowns. Domestic HRC prices rose to around 620-640 USD/tonne EXW, while CRC reached 697-722 USD/tonne.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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