6.1 SMM Global Steel Daily Report

Published: Jun 1, 2026 18:02

Save

SMM News Flash:

[HRC] Today, the HRC export price increased slightly by 2-3 USD/tonne compared to the previous day, with the transaction price ranging from 500 to 508 USD/tonne. Although the market has shown some signs of recovery recently, the actual market transaction situation has not improved accordingly. Last week, the actual transaction price of large northern mills remained at 520 USD/tonne or higher,

[Vietnam] Hoa Phat Steel announced its latest ex-works list prices for domestic sales HRC with July 2026 delivery. SAE1006/SS400 grades were quoted at 15,360 VND/kg for the northern and central regions and 15,390 VND/kg for the southern region (all excluding VAT), equivalent to approximately 604 – 606USD/tonne, down 13 USD/tonne MoM.

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

47 mins ago

[SMM Steel] Australia Opens AD Investigation into Galvanized Steel Imports from South Korea and Vietnam

[SMM Steel] Australia's Anti-Dumping Commission has launched an anti-dumping investigation into imports of zinc-coated (galvanized) steel from South Korea and Vietnam following a complaint filed by domestic producer BlueScope Steel. The investigation covers imports during January-December 2025, with allegations that the products were sold below normal value and caused material injury to Australia's domestic steel industry. The case adds to the growing number of trade remedy measures affecting global steel trade flows.

47 mins ago

48 mins ago

[SMM Steel] US Overtakes Netherlands as Turkey’s Largest Scrap Supplier in Jan-Apr 2026

[SMM Steel] Turkey's scrap imports increased by 0.4% YoY to 6.59 million tonnes in January-April 2026, while import value rose 1.5% YoY to $2.51 billion. The US became Turkey’s largest scrap supplier, with shipments rising 34% YoY to 1.41 million tonnes, overtaking the Netherlands, whose exports fell 26.6% YoY to 861,246 tonnes. Strong growth was also recorded from Romania, while lower imports from Belgium and Germany limited overall import growth.

48 mins ago

[SMM Steel] Japan Launches AD Probe into Flat Steel Imports from China, South Korea and Taiwan

[SMM Steel] Japan has initiated an anti-dumping investigation into imports of flat steel products, including hot-rolled and cold-rolled coils, strips, and sheets, from China, South Korea, and Taiwan. The probe, requested by major steelmakers such as Nippon Steel and JFE Steel, is expected to last one year. Japanese producers allege that imported products were sold at prices of up to 50% below fair market value, causing injury to the domestic industry. The move reflects growing concerns over global steel overcapacity and increasing trade protection measures across major steel-producing regions.

48 mins ago