5.25 SMM Global Steel Daily Report

Published: May 25, 2026 18:20

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SMM News Flash:

[HRC] HRC export prices increased by 3 USD/tonne month-on-month. Due to the expected tight supply of raw materials, the domestic futures market has rapidly rallied, and market inquiries have improved somewhat, but actual transactions have not seen a significant increase.

[India] Indian HRC SAE1006 offers declined further by 2–5 USD/tonne to 573–575 USD/tonne CFR Vietnam. The lower offers reflected continued pressure from weak demand and aggressive competition among exporters. Market sentiment remained cautious, with buyers expecting further downside and trading activity staying limited.

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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