Global steel prices surged in April and early May, with India emerging as a fast-growing market. Hot rolled coil prices rose across major regions, led by Brazil. India’s crude steel production saw an 11% year-on-year increase in March, outpacing global trends. China’s steel output contracted, though capacity cuts are expected to be delayed.Global steel prices surged in April and early May, with India emerging as a fast-growing market. Hot rolled coil prices rose across major regions, led by Brazil. India’s crude steel production saw an 11% year-on-year increase in March, outpacing global trends. China’s steel output contracted, though capacity cuts are expected to be delayed.
