China steel exports rose in November, while imports declined 

[SMM Steel] European carbon allowance futures remained above €70/t in early April, reaching €74.6/t on April 1 following European Commission proposals to adjust the EU ETS Market Stability Reserve. Prices later stabilized at €71.6–71.7/t on April 6–7 as markets monitored Middle East tensions. Meanwhile, the EU set the Q1 2026 CBAM reference price at €75.36/t CO₂, providing the first concrete cost signal for importers and supporting carbon price expectations.

[SMM Steel] India crude steel output reached 168.4 million mt in FY2025-26, up 10.7% YoY. Finished steel exports increased 35.9% YoY to 6.6 million mt, while imports declined 31.7% YoY. Domestic steel consumption rose 8% YoY to 164 million mt, supported by infrastructure demand. Total domestic steel production capacity was estimated at about 220 million mt.

[SMM Steel] Steel Authority of India Limited (SAIL) plans to introduce hydrogen injection at its Bokaro blast furnace to reduce carbon emissions and advance green steel production. The project aims to partially replace coke and coal with hydrogen, which emits water vapor instead of CO₂. The initiative involves support from RDCIS and Primetals Technologies, and is expected to lower emissions, enhance low-carbon steel competitiveness, and support export demand.