【SMM Steel】Taiwanese Quintain's consolidated revenue increases in April y-o-y

Data from the National Bureau of Statistics (NBS) showed that in April 2026, China's crude steel production was 83.63 million mt, down 2.8% YoY; pig iron production was 70.69 million mt, down 3.6% YoY; steel production was 122.63 million mt, down 1.7% YoY. From January to April, China's crude steel production was 331.12 million mt, down 4.1% YoY; pig iron production was 282.28 million mt, down 3.1% YoY; steel production was 471.94 million mt, down 1.3% YoY.

According to the latest data from the General Administration of Customs, in April 2026, China exported 5.46 million mt of steel sheets & plates, down 17.5% YoY; cumulative exports from January to April totaled 20.06 million mt, down 16.6% YoY. In April, China exported 1.81 million mt of steel bars, up 14.3% YoY; cumulative exports from January to April totaled 6.05 million mt, up 5.9% YoY. In April, China exported 640,000 mt of angle steel and sections, up 7.1% YoY; cumulative exports from January to April totaled 2.55 million mt, up 14.9% YoY.

【SMM Steel】India's JSW Steel reported consolidated crude steel production of 2.118 million tonnes in April, down 1% from 2.14 million tonnes a year earlier. Indian operations contributed 2.04 million tonnes, down 1% y-o-y, while its Ohio facility in the US produced 78,000 tonnes, down 7% y-o-y. The decline was primarily due to the shutdown of Blast Furnace 3 at Vijayanagar for a capacity upgrade, which is expected to restart in Q4 2026. Excluding BF3 from last year's base, production growth was approximately 10%.