5.6 SMM Global Steel Daily Report

Published: May 6, 2026 18:07

Save

SMM News Flash:

[Sheets & Plates] HRC export prices today rose 8-10 USD/tonne DoD, while other sheets & plates prices increased 6-10 USD/tonne, driven by a sharp rally in futures. As it was the first working day after the holiday, most sellers reported quite strong market inquiries. However, due to the rapid price increase, acceptance outside China was lukewarm, and actual transaction prices may still have been at pre-holiday levels.

[India] Major Indian steelmakers increased domestic HRC and CRC prices by around 11 USD/tonne for early May sales ahead of planned maintenance shutdowns. Domestic HRC prices rose to around 620-640 USD/tonne EXW, while CRC reached 697-722 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.

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

56 mins ago

[Crude Steel Daily Production of Key Steel Enterprises Declined in Late April]

According to CISA data, in late April 2026, key steel enterprises produced a total of 20.36 million mt of crude steel, with an average daily production of 2.036 million mt, down 3.6% MoM; pig iron production was 18.5 million mt, with an average daily production of 1.85 million mt, down 2.5% MoM; steel products production was 21.55 million mt, with an average daily production of 2.155 million mt, up 7.0% MoM. Based on this, national daily crude steel production is estimated at 2.73 million mt, down 2.3% MoM; daily pig iron production at 2.33 million mt, down 2.4% MoM; and daily steel products production at 4.28 million mt, up 3.0% MoM.

56 mins ago

57 mins ago

[CPCA: National Passenger Vehicle Retail Sales Reached 1.406 Million Units in April]

According to preliminary statistics from CPCA, from April 1-30, national passenger vehicle retail sales reached 1.406 million units, down 20% YoY and down 15% MoM, with cumulative retail sales of 5.628 million units year-to-date, down 18% YoY. From April 1-30, national passenger vehicle producer wholesale volume reached 2.13 million units, down 3% YoY and down 10% MoM, with cumulative wholesale volume of 7.997 million units year-to-date, down 6% YoY. From April 1-30, national passenger vehicle new energy retail sales reached 883,000 units, down 5% YoY and up 4% MoM, with cumulative retail sales of 2.792 million units year-to-date, down 17% YoY.

57 mins ago

16 hours ago

5.8 SMM Global Steel Daily Report

[EU] European HRC buyers largely paused new bookings while waiting for clearer details on the EU’s upcoming import quota allocation system. Transactions in Northern Europe were reported at €670-690/t ex-works for July-August delivery, while Italian domestic offers remained around €700/t delivered. Downstream demand stayed weak amid high inventories across ports and supply chains. Import offers remained limited and mostly uncompetitive as Asian mills resumed operations with higher prices, narrowing the gap between domestic EU prices and import costs after including CBAM expenses.

16 hours ago