Steel Hits 4-Week Low

2026-04-07 07:23 By Jam Kaimo Samonte 1 min. read

Steel rebar futures fell below CNY 3,100 per ton, reaching a four-week low as trading resumed in top consumer and producer China following a long weekend, while investors continued to navigate uncertainties surrounding the Middle East conflict.

Markets are focused on President Donald Trump’s deadline for Iran to strike a deal or face attacks on civilian infrastructure, with the prospect of a prolonged conflict fueling concerns over supply disruptions and a global economic slowdown.

Steel prices also faced pressure from elevated inventories and anti-dumping measures targeting Chinese steel production.

Vietnam has imposed a temporary anti-dumping levy of up to 27.83% on certain Chinese hot-rolled coil products starting April 17.

Separately, the Trump administration is preparing to revise tariffs on steel and aluminum, adding further uncertainty to the global steel market.



News Stream
Steel Hits 4-Week Low
Steel rebar futures fell below CNY 3,100 per ton, reaching a four-week low as trading resumed in top consumer and producer China following a long weekend, while investors continued to navigate uncertainties surrounding the Middle East conflict. Markets are focused on President Donald Trump’s deadline for Iran to strike a deal or face attacks on civilian infrastructure, with the prospect of a prolonged conflict fueling concerns over supply disruptions and a global economic slowdown. Steel prices also faced pressure from elevated inventories and anti-dumping measures targeting Chinese steel production. Vietnam has imposed a temporary anti-dumping levy of up to 27.83% on certain Chinese hot-rolled coil products starting April 17. Separately, the Trump administration is preparing to revise tariffs on steel and aluminum, adding further uncertainty to the global steel market.
2026-04-07
Steel Drops to 3-Week Low
Steel rebar futures fell toward CNY 3,100 per ton, extending losses for another session to reach a three-week low as demand concerns and policy uncertainty weighed on sentiment. Prices came under pressure amid reports that Donald Trump’s administration is preparing to revise tariffs on steel and aluminum products. The plan would keep tariffs near 50% on some products while lowering others to about 25%, applied to full import values. The shift has raised concerns over global trade and steel demand, weighing on rebar prices. In addition, investors continued to assess supply-side pressures linked to the Iran war, which have driven up fuel and shipping costs. Tensions intensified after Trump said the conflict is “very close” to completion. He also signaled potential strikes on critical infrastructure if negotiations fail, reinforcing fears of escalation.
2026-04-02
Steel Drops on Mideast Disruptions
Steel rebar futures fell toward CNY 3,120 per ton, giving back recent gains as investors continued to assess the impact of supply constraints linked to the Iran war, which have lifted fuel and shipping costs. Israel also struck two major steel factories in Iran reportedly tied to the IRGC, adding further complexity to the global steel market. In China, recent data showed steel production fell 3.6% to 76.1 million tons in February, while global output declined 2.2% to 141.8 million tons. During the annual parliamentary sessions in Beijing earlier this month, authorities reaffirmed their commitment to reducing overcapacity in the steel sector amid weakening demand. China’s steel industry continues to face structural headwinds as the economy matures, with softer construction activity further pressured by the prolonged property downturn.
2026-03-30