Global steel and raw material prices continued to dive in June 2025, with several commodities near or at intra-year lows. Chinese hot-rolled coil (HRC) export offers (monthly average, FOB Rizhao)hit a five-year low too. Seasonal market slowdowns, stemming from the arrival of the summer or monsoonor festive holidays, dampened demandin several regions. US tariffs on steel imports, which were doubledto 50% in late-May, and the Iran-Israel conflict also heightened market uncertainty. Overall, trade momentum was listless, particularly as downstream sentiment remained weak.
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