4.23 SMM Global Steel Daily Report

Published: Apr 23, 2026 18:23

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SMM News Flash:

[Sheets & Plates] HRC export prices were quoted at 493-497 USD/tonne today, up 1 USD/tonne MoM. Recent market sources indicated that approximately 10,000 tonnes of Chinese HRC were traded at the Port of Sohar in Oman, Middle East, at a CFR price of around 560 USD/tonne, but this was insufficient to suggest a full demand recovery.

[Saudi Arabia] Driven by rising scrap and logistics costs, Saudi steelmaker Hadeed has raised prices for the third time in April. The specific adjustments are as follows: rebar (12-32mm) increased by 21 USD/tonne to 704 USD/tonne (CPT Riyadh, excluding 15% VAT); wire rod (7-14mm) increased by 37 USD/tonne to 717 USD/tonne.

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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