China crude steel output hits eight-year low in April Tata Steel shares slip despite strong Q4 results Global steel prices rise across major markets Goldman Sachs sees stable steel price outlook
India has emerged as one of the fastest-growing steel markets as global steel prices strengthened across key regions in April and early May. According to Goldman Sachs, hot rolled coil prices rose in most major markets, with Brazil leading the gains, followed by Japan and China. India also showed strong production momentum, with crude steel output rising 11% year-on-year in March.
The report also noted firm long steel prices, while China’s steel output remained under pressure due to weaker supply trends and delayed production discipline. Goldman Sachs expects steel prices to stay broadly stable through 2026, with the US market likely to remain stronger than Europe, China, and Brazil.
For Indian steel mills, traders, and buyers, the trend reflects positive demand sentiment, stronger production growth, and a supportive outlook for the domestic steel industry.
Also Read : Steel Industry Reacts to BYD's Expansion with New European Factory Tata Steel Begins £1.25 Billion Green Transformation at Port Talbot Plant
In this year, India will add more new coal power capacity than it has in almost a decade, as the cou...
Energy 19-Jun-2024
7 Steel Nordic has entered the Czech market with its first shipment of rebar and wire rod, mar...
Europe 14-Apr-2026
Italy's Prysmian, the world's leading cable manufacturer, has inked three significant contracts with...
Europe 15-Feb-2024
The Orissa High Court has upheld the decision of the Divisional Forest Officer (DFO), Keonjhar, to r...
Large Corporate 06-Dec-2025
Fortescue has started commissioning two battery-electric locomotives on its Pilbara rail netwo...
Australia 16-Feb-2026
The world's largest economy grew faster than anticipated in the fourth quarter of last year, which c...
Non-Ferrous 27-Jan-2024