[SMM Iron & Steel] India: NMDC Iron Ore Production Rises 16% Year-on-Year in April

[SMM Steel] Nucor Corporation reported record quarterly steel shipments of 7.4 mln short tons in Q1 2026, up 8.7% YoY, marking the highest level in its history. Orders also reached 4.7 mln short tons, the strongest since Q2 2021. The performance reflects solid mill execution and contributions from new capacity, alongside strong demand from data centers and the energy sector. Nucor expects full-year shipments to grow by over 5%, supported by favorable demand conditions and ongoing trade protection measures.

[SMM Steel] ArcelorMittal reported better-than-expected Q1 earnings, supported by stronger steel prices in North America. However, its European and mining segments remained under pressure amid weak demand and ongoing market uncertainty. The results highlight a diverging global steel market, where regional price strength contrasts with persistent challenges in Europe, including import pressure, high costs, and soft consumption.

Some limited imports of Russian-origin steel products, notably slab, will continue until 30 September 2028 under transitional arrangements laid down in existing EU restrictive measures, Despite requests from some European re-rollers for extensions, the EU's 20th sanctions package tightens the net, forcing mills to accelerate sourcing from Brazil, India, and other ex-China origins to secure long-term supply.