4.30 SMM Global Steel Daily Report

Published: Apr 30, 2026 17:57

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SMM News Flash:

[HRC] Today's HRC export prices rose $1/mt MoM, with most market quotes above $500/mt. However, according to market feedback, a quote of $480/mt was seen today, likely an MD price.

[India] Domestic steel mill prices in India remained stable, with ex-factory prices at 625-630 USD/tonne. Mills held prices firm due to good order-taking and upward cost pressure. However, spot trading market sentiment was weak, and coupled with energy supply issues at downstream processing enterprises, procurement was mainly driven by steel demand.

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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