Post-Holiday Market Rebound: Supply-Side Support and Structural Upgrading Define Mid-May Trends
May 10
The international steel market has demonstrated notable resilience during the period of May 6–10, 2026. Following the conclusion of the May Day holiday period in major industrial hubs, the sector has been characterized by a sharp recovery in futures pricing and a continued pivot toward high-value-added manufacturing.
As trading resumed on Wednesday, May 6, ferrous futures markets experienced a sharp upward trajectory.This rally was largely supported by improved macroeconomic sentiment and a stabilization of the global manufacturing PMI. While actual spot transactions outside of primary production hubs remained somewhat cautious due to the rapid price escalation, the “cost-support” from rising raw material inputs—including coal and iron ore—has provided a firm base for international export offers.
