Tiangong International Uniformly Raises High-Speed Steel Prices in June 2026

[SMM HRC Daily Trading Volume] On June 25, the combined daily trading volume of hot-rolled coil (HRC) from sample enterprises in the four SMM cities (Shanghai, Lecong, Tianjin, Ningbo) totaled 11,740 mt, down 560 mt or 4.7% day-on-day, down 9.48% YoY (solar calendar), and down 38.34% YoY (lunar calendar).

Indonesia exported high-value structural steel worth about 0.216 million USD to Canada for a construction project. The products were made by PT Gunung Raja Paksi Tbk and shipped from Cikarang, West Java. Although small in value, the shipment highlights Indonesia’s push to move beyond raw materials and semi-finished exports toward higher-value steel products and developed markets. "

US exports of steel concrete reinforcing bars (rebar) totaled 23,288 metric tons (mt) in April 2026, marking a sharp 14.9% decline compared to the 27,365 mt exported in March, and dropping 35.1% relative to April 2025 volumes. Reflecting weaker pricing segments, the total export value compressed to $13.5 million from $15.8 million in the previous month and $16.0 million in the prior year. Cross-border regional supply chains within North America continued to absorb the entire output, with shipments to Canada hitting 10,950 mt (down from 14,707 mt in March) and exports to Mexico settling at 4,343 mt, while no other single international destination exceeded 500 mt. The market impact indicates that prolonged stagnation in Canadian residential construction and commercial fabrication activities has heavily paralyzed cross-border rebar shipment velocity. This severe reduction in outbound flows points to an accumulation of merchant long products at US domestic mini-mills, which will likely compel domestic producers to slash pricing to clear rising inventories