Weekly steel news

Formosa announces HRC domestic prices for early-2026 delivery, Kallanish understands from trading sources in Vietnam. For orders of 20,000 tonnes and more of non-skin passed SAE 1006 HRC for delivery in January/February 2026, the mill’s pegged price is set at VND 13,414/kg ($511/tonne) cif Ho Chi Minh City. The mill’s price for December delivery was originally set on 15 October at VND 13,734/kg and was subsequently cut by VND 300/kg on 22 October.

Iron ore pricing sitting at close to record levels could but is not guaranteed to provide the possibility of more scrap consumption versus iron ore.

A glut ofIndian-origin hot rolled coil is depressing market sentiment in SoutheastAsia. Prices of Indian material, already the cheapest compared to other origins, could falter some more!

BRAZIL'S IRON ORE PRODUCTION MAY FALL 10% THIS YEAR. APRIL EXPORTS HAVE HIT A 7-YEAR LOW

BRAZIL'S IRON ORE PRODUCTION MAY FALL 10% THIS YEAR. APRIL EXPORTS HAVE HIT A 7-YEAR LOW

Daily crude steel output among the 97 major Chinese steel mill members of the China Iron and Steel Association (CISA) reversed down 3.6% or 67,700 tonnes from prior ten days to 1.83 million tonnes over March 21-31, according to CISA’s latest release on April 10.

Egypt launches safeguard probe into rebar imports!