[US Steel Imports Up 5.9% MoM to 1.874 Million Short Tons in April]

Today HRC futures held up well, with the most-traded contract settling at 3,397, up 0.68%. In the spot market, spot HRC offers rose 10-20 yuan/mt in many regions, while cold galvanized prices remained largely stable, and overall transaction performance was moderate. In news, the National Development and Reform Commission (NDRC) and other authorities issued a notice on launching a three-year campaign to promote energy-saving and carbon-reduction transformation in key industries. Starting from 2026, focusing on nine industries including steel, aluminum, cement, flat glass, oil refining, ethylene, synthetic ammonia, methanol, and coal power, comprehensive transformation will be carried out over three years; attention will be paid to subsequent implementation and progress. Outside China, Pakistan’s prime minister said on the 15th local time that after intensive negotiations, the US and Iran had reached a peace agreement, and Trump said the Strait of Hormuz would be fully opened. On the fundamentals, HRC inventory is expected to continue destocking this week, with limited accumulation of fundamentals. Considering the overall weakening demand during the off-season, steel prices lack self-driving force. In the short term, they are expected to hold up well, following raw material prices. Attention needs to be paid to the changing Middle East situation and its impact on future export orders.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 15 Jun , 2026

Hoa Phat’s 2025 results marked a major step-up driven by the ramp-up of Dung Quat 2, pushing crude steel output above 11 million tons and lifting earnings through higher volumes and cost dilution despite weak global steel prices. Growth was supported by stronger HRC and downstream sales, a rising export mix, and continued domestic dominance. The year also signals a strategic shift toward higher-value products and future capacity expansion into rail and special steels.