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]

The planned rebar production in April was 8.0385 million mt, an increase of 103,500 mt or 1.30% from the actual production in March. The planned wire rod production in April was 2.9614 million mt, a decrease of 128,700 mt or 4.16% from the actual production in March. In April, the long product export scheduled production of sample steel mills was 791,000 mt, up 79,000 mt MoM, of which the steel billet export scheduled production was 420,000 mt, up 110,000 mt MoM.

Rathi Steel and Power Ltd announced a significant 41.8% jump in annual revenue, reaching Rs 7,167 million for FY26. The company’s strong performance was highlighted by a robust Q4 revenue of Rs 2,448 million. The growth was driven by steady demand for stainless steel long products and TMT bars. A key operational highlight is the company’s direct charging capability for wire rod production, which minimizes fuel consumption by feeding hot billets directly into the mill. While cautious regarding geopolitical shifts, the firm’s promoters remain optimistic about India’s long-term economic growth.

[SMM Steel] The US Department of Commerce ruled that POSCO and POSCO International Corporation did not dump carbon and alloy steel wire rods in the US during May 2023–April 2024, revising the preliminary 0.51% margin to 0%. As a result, US Customs and Border Protection will liquidate relevant imports without anti-dumping duties, with instructions to be issued after 35 days. The ruling covers hot-rolled carbon and alloy steel wire rods under multiple HTSUS codes.

[SMM Steel] European Union Q2 steel import quotas were rapidly exhausted in early April, particularly for shipments from India, China, Turkey and Vietnam. India exceeded quotas for 225,305 mt of HRC (1A), while China used up 128,348 mt of metallic coated sheets (4B). Turkey surpassed quotas for 98,153 mt of wire rod and 84,033 mt of hollow sections. Vietnam exceeded its 10,725 mt organic coated sheet quota under “other countries,” with about 17,590 mt awaiting clearance at EU ports.