【SMM Steel】JSW Steel's May crude steel output up 15% y-o-y to 2.29m tonnes

Representatives from Brazil's MDIC and the US Trade Representative (USTR) will begin negotiations this week over the removal of Brazilian pig iron from the 25% tariff exemption list. Brazil will highlight its pig iron's critical role in the US foundry industry — imports reached 3.365 million tonnes in 2025 (83% of Brazil's total exports), with 1.209 million tonnes recorded in January–May 2026 alone. Presidents Lula and Trump may also discuss the issue at the G7 summit in France. A key competitive advantage: Brazilian independent producers use charcoal in blast furnaces, achieving near-zero net CO₂ emissions.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 12 Jun , 2026

China Export Market : [Steel Billet] Today, export offers for square billet edged down by 1 USD/tonne to 470-473 USD/tonne. According to market feedback, port departure inspections for steel products involved relatively little steel billet, so the impact on its exports was relatively small. However, the current economic conditions in markets outside China were not very favorable, the international situation was unstable, demand was relatively average, and steel billet export deals showed mediocre performance. [Rebar] Today, rebar export FOB prices edged down by 1 USD/tonne. Market inquiries showed mediocre performance, and no actual deals were concluded yet. According to feedback from some traders, inspections at northern ports have tightened recently, but the impact on rebar exports appeared relatively small at present. In addition, some market participants said that China’s export prices currently had no obvious advantage, and wait-and-see sentiment was strong.