This week, ferrous metals exhibited a pattern of initial weakness followed by strength. At the beginning of the week, after the U.S.-Iran peace talks failed to reach an agreement, the U.S. military announced it would impose a blockade on all maritime traffic in and out of Iranian ports, pushing international oil prices higher once again. Mid-week, disturbances from iron ore long-term contract negotiations intensified, with market rumors suggesting that restrictions on certain previously limited products had been partially lifted. Subsequently, news emerged of an unexpected shutdown at an Australian refinery, raising market concerns that a diesel supply deficit could trigger mine shutdowns, which in turn would lead to short-term supply tightening. Coupled with rising expectations of a second round of coke price increases, ferrous metals successfully rallied in the latter half of the week...

[SMM Steel] Peru has imposed a five-year anti-dumping duty of $81.3/mt on wire rod imports from China, following a final affirmative ruling. The duty replaces a temporary rate of $64.6/mt and takes effect immediately. In the short term, the measure is expected to restrict Chinese wire rod inflows and support local market pricing.

[Announcement on Adjustments to Ansteel and Bensteel Group's May 2026 Domestic Futures Selling Prices for Sheets & Plates] Ansteel's product pricing policy for May 2026 was adjusted based on the April 2026 product pricing policy as follows: 1. Hot-rolled: raised by 100 yuan/mt. 2. Pickled: raised by 50 yuan/mt. Automotive steel raised by 100 yuan/mt. 3. Cold-rolled: unchanged. Automotive steel unchanged. Additionally: Anshen high-strength wire 590MPa, 780MPa, 980MPa, and 1180MPa grades unchanged. 4. Cold-hardened: unchanged. 5. Galvanizing: unchanged. 6. Non-oriented silicon steel: raised by 100 yuan/mt. 7. Color-coated: unchanged. 8. Medium-thickness plates: raised by 100 yuan/mt. 9. Wire rod: unchanged. 10. Rebar: unchanged. 11. Alloy surcharge: refer to the price list for details. Ansteel Co., Ltd. Marketing Center Apr 2026 Bensteel Group's product pricing policy for May 2026 was adjusted based on the April 2026 product pricing policy as follows: 1. Hot-rolled: raised by 100 yuan/mt. 2. Pickled: raised by 50 yuan/mt. Automotive steel raised by 100 yuan/mt. 3. Cold-rolled: unchanged. Automotive steel unchanged. 4. Cold-hardened: unchanged. 5. Galvanizing: unchanged. 6. Electrogalvanization: unchanged. 7. Non-oriented silicon steel: raised by 100 yuan/mt. 8. Wire rod: unchanged. 9. Rebar: unchanged. 10. Special steel: raised by 100 yuan/mt. 11. Alloy surcharge: refer to the price list for details. Bensteel Sheets & Plates Marketing Center, Beiying Business Center Apr 2026

According to Thai media reports, Thailand's steel industry, under pressure from rising energy and freight costs, called on the government to strengthen support and adopt anti-dumping measures. Steel enterprises announced a 10% to 15% price raise on all products starting from April, with a possible second round of adjustments in May depending on cost changes. The price increase covered a wide range of products including rebar, wire rod, sheets & plates, and specialty steel for automotive and construction applications. Industry insiders pointed out that Thailand lacked iron ore resources, and its steel industry was highly dependent on imported steel scrap, making it extremely sensitive to international market fluctuations.

On April 10, 2026, Zenith Steel released its mid-April pricing policy. I. Supplementary price adjustment for the 1st ten-day period of April: 1. Wire rod 260 2. Rebar 180 II. Provisional prices for the 2nd ten-day period of April: 1. Wire rod 3,600 (↓100) 2. Rebar 3,400 III. The benchmark interest rate for bank acceptance bill monthly discounting was adjusted to 0.99‰ [SMM Steel]

[Yongsteel 2026 Period 4-2 Carbon Steel Price Adjustment] Yongsteel 2026 Period 4-2 construction steel price adjustment: rebar and wire rod both remained stable. Current prices were rebar at 3,450 yuan/mt, plain wire rod at 3,700 yuan/mt, and coiled rebar at 3,700 yuan/mt. Compared with Period 4-1, rebar received a supplement of 200 yuan/mt and wire rod a supplement of 270 yuan/mt. The electronic bank acceptance monthly discount rates for this period were 1.19‰ for Category I and II banks, 1.29‰ for provincial city commercial banks, and 1.49‰ for Category III and IV banks. [SMM Steel]