[Vietnam Enters Global Top 10 Crude Steel Producers for the First Time]

On May 31, 2026, Zenith Steel released its pricing policy for the first ten days of June. I. Supplementary price adjustment for the third ten days of May: 1. Wire rod: 125 2. Rebar: 165 II. Provisional prices for the first ten days of June: 1. Wire rod: 3,650 2. Rebar: 3,450 III. The benchmark discount rate for acceptance bills was adjusted to 0.8‰ [SMM Steel]

Recently, the ACC cooling system renovation project for the 4100mm wide and heavy plate area of Baosteel Thin Plate Plant, with overall design by Baosteel Design Institute, successfully achieved a one-time hot load test run. This key renovation will comprehensively reshape the technological landscape of Baosteel's wide and heavy plate products, injecting strong momentum into the enterprise's high-end steel capacity upgrade. Centered on system upgrading and capability enhancement, this renovation upgraded the original ACC laminar cooling system, simultaneously added a pre-straightening machine, and comprehensively optimized supporting auxiliary facilities including water treatment, automation, power supply and distribution,

Mexico is formally seeking the removal of US Section 232 tariffs on steel and aluminum — currently set at 50% — as part of ongoing USMCA review negotiations. Mexico's Economy Minister Marcelo Ebrard described the 50% rate as unacceptable and without justification, following May 27-29 talks between Mexico's Ministry of Economy and the US Trade Representative. Mexico is also advocating for a regional approach to the automotive sector, citing deep North American production integration and existing USMCA rules of origin. Additional rounds of negotiations are scheduled for June and July. Separately, Mexico has already mandated that federal construction projects use only domestically produced steel.