India turns net exporter of finished steel in FY26 Global scrap market faces tighter supply pressure Indian steelmakers urged to act on decarbonisation Royal Steel eyes global demand for structural steel
China’s hot-rolled coil market is sending mixed signals in March, with steel mills planning slightly higher total output but a lower daily production rate.
A group of 39 major mills is expected to produce 13.04 million mt of hot-rolled commercial steel this month, up 1.4% from February. However, because March has more days, daily average output is set to drop 8.4% month on month to about 420,700 mt.
The decline is being driven by scheduled maintenance at several mills, temporary production cuts, lower operating activity during the Two Sessions, and some output shifting toward cold-rolled steel products.
Demand remains a key concern. Post-holiday consumption of hot-rolled coil has been weaker than expected, and the usual seasonal recovery in March and April is looking less certain. At the same time, disruptions in steel export orders to the Middle East could redirect more supply into China’s domestic market, adding pressure on inventories.
With demand still soft and market uncertainty continuing, hot-rolled coil prices may remain under pressure through the rest of March unless consumption improves and stock levels ease.
Also Read : Oil prices near 3-week highs on Middle East tensions, China demand Chinese crude steel output surges in May, weakening support for prices
Iron ore futures prices advanced on Friday, aided by growing expectations of improved demand and mor...
Ferrous 01-Mar-2024
The PM Gati Shakti National Master Plan (NMP), a national master plan for multi-modal connectivity t...
Construction 17-Jun-2024
NMDC increased iron pricing by ₹400 per tonne for lump ore and ₹200 for fines, effective April 27. T...
Ferrous 30-Apr-2024
South Eastern Coalfield Limited's (SECL) Gevra mine in Chhattisgarh, run by Coal India, has gained e...
Announcement 06-Mar-2024
Copper futures on Monday fell 95 paise to ₹721.10 per kilogram as participants cut their positions a...
Non-Ferrous 05-Feb-2024
India to impose retaliatory tariffs on U.S. goods. Move counters U.S. steel & aluminium duties....
US 14-May-2025