Curated intelligence briefings — daily snapshots, weekly roundups, and monthly deep-dives.
India steel · May 2026 — April rally cooled. Flat-steel hikes stuck on supply discipline; rebar rolled over; coated weakened. Structural story stayed bullish: FY26 net exporter, JSW–JFE Odisha JV, 'Mining 5.0' push to 300 MT by FY31.
Read full briefBrowse past briefs by frequency
April 2026 saw a surge in Indian steel prices with five rounds of mill hikes, pushing HRC to a 28‑month high (~₹64,000‑₹64,500/t) and primary rebar above ₹61,000/t, driven by strong demand, NMDC’s 11.1% iron‑ore increase, and tight supply. The market remains bullish into May despite marginal safeguard duty reduction, with expectations of further price moves, continued restocking, and watch points including potential additional mill hikes, NCDEX Steel Long levels, and global demand signals.
