SMM analysis projects iron ore prices to trend strong in September as steel mills complete maintenance and ramp up hot metal production, lifting ore demand. Rising coke prices are expected to add further cost support. Demand recovery is anticipated with the peak season, though overall upside may be capped by still-weak end-market conditions.
DCE iron ore futures closed higher with spot prices edging up across mainstream grades. Blast furnace operating rates dipped slightly week-on-week and daily hot metal output declined, but bottoming-out signals and improved market expectations lent support. Traders maintained steady shipments while steel mills held back on procurement, leaving spot trading sluggish.
Mild steel angle prices firmed slightly during Q3 2026 across major markets. In China, mills were already selling close to production cost, which left little room for further cuts and created a floor for structural sections. Crude steel output fell 3.7% in August, reducing supply and supporting values, though steady exports of steel products kept regional availability ample and limited gains. In September, holiday restocking, better orders from machinery makers and mill maintenance in North China lifted the market further. In India, angle prices edged up only slightly, as rising domestic steel output kept supply comfortable. In Europe, new EU import quotas introduced in July restricted cheaper imported steel, as Turkish supply quickly exceeded its allowance, giving local mills room to raise offers. Demand held up through the quieter August period as German steel consumption improved, and by September producers announced further increases for late in the year, citing tighter domestic supply and high coking coal costs.
Analyst Insight
According to Procurement Resource, mild steel angle prices are expected to hold a mildly firm tone, supported by restocking and trade measures, though competitive Asian exports may restrict further upside.
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Mild steel angle prices moved in a narrow but uneven range during the first half of 2026. In January, higher raw material costs supported prices, but demand weakened during the seasonal slowdown. February brought more pressure, as construction activity stayed limited and inventories rose sharply due to slow consumption. Demand improved gradually in March as construction sites reopened, but high stocks and cautious buying limited any recovery. Export disruptions linked to the Iran war also affected the market. China’s exports to Persian Gulf nations, which make up 11.72% of its total steel exports, faced shipping delays and higher freight costs, leaving more material in the domestic market and weighing on prices. In the second quarter, Chinese values edged slightly higher, though steady export availability from mills and weak construction-linked consumption limited gains, as the property slowdown reduced restocking. In India, mild steel angle prices eased slightly, though domestic mills kept relatively firm realisations as controlled imports and steady demand from construction and capital goods supported the market.
Mild steel angles are widely used in a variety of sectors due to their strength, malleability, and longevity. They are crucial parts of structural frames, supports, and reinforcements in the building. They are used in the manufacturing sector for equipment supports, conveyor systems, and machinery frames.
Mild steel angles are used in metal fabrication companies to create specialized parts like racks and brackets. Because of their robustness, automotive applications involve vehicle chassis and structural components. They are also used in technical domains, including railroads and shipbuilding, where they offer reinforcement and structural support in a variety of industrial environments.
Construction, Manufacturing, Metal Fabrication, Automotive, Engineering, Agricultural Machinery
HBIS Group, NSSMC Group, POSCO, Shagang Group, Ansteel Group, JFE Steel Corporation, Tata Steel Group, Hyundai Steel Company
CurrencyUS$ (Data can also be provided in local currency)
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