Sample Edition â May 13, 2026
Full Report Period: May 6 â 13, 2026 (with WoW comparison vs. Apr 29 â May 6)
Coverage: Nigeria | Egypt | South Africa | Algeria | Morocco | Kenya | Tanzania | Ethiopia | Ghana | Angola
đ This Weekâs Defining Shifts (Preview)
Chinaâs rally hit a ceiling, Iranâs supply deadline drew closer, and a new trade rule changed the calculus for African steel. Below is a preview of the forces that will drive your next decision.
- HRC peaked at $510/t then eased, billet faced buyer resistance â After a strong postâholiday run, overseas buyers pushed back at elevated prices, forcing mills to trim offers by the weekâs end. The question now is whether this is a brief pause or a trend reversal.
- Chinaâs steel industry announced semiâfinished export restrictions for the 2026â2030 period â Northern mills have already received notices, and the CISA plan to limit billet and slab exports adds a structural supplyâside risk for African buyers dependent on Chinese semiâfinished steel.
- Iranâs export ban on 66 steel codes expires May 30, with the extension warning still active â Whether the ban lifts or extends will determine if the 10âmillionâtonneâperâyear supply gap closes or widens just as African procurement cycles accelerate.
- The Baltic Dry Index broke above 3,000 for the first time since December 2023Â â Capesize rates at a fiveâmonth high of 5,139 points are adding sustained freight cost pressure to every CFR shipment arriving in Lagos, Alexandria, and Mombasa.
đ° Price Snapshot with WeekâonâWeek Comparison (Partial Data)
| Product | Last Week (Apr 29âMay 6) | This Week (May 6â13) | Trend |
|---|---|---|---|
| Billet (FOB China) | $480/t | $499â510/t (settled near $499) | Ⲡthen âź |
| HRC (FOB China) | $500â505/t | $499â510/t (settled near $499) | â˛âź |
| Nigeria CFR Rebar (allâin, est.) | $690â720/t | $690â720/t | âśď¸ |
| Egypt CFR HRC (incl. 13.6% safeguard) | $650â680/t | $645â675/t | âź |
| BDI (Baltic Dry Index) | 2,991 | 3,063 (May 12) | Ⲡ|
| Iron ore (62% Fe CFR) | ~$108â110/dmt | $113.15/dmt | Ⲡ|
Full CFR estimates for all ten African markets, exact duty and levy calculations, and viability assessments are available in the complete report.
đĄ Sample Actionable Advice
For Procurement Managers:
- Lock in billet and HRC during the current buyerâresistance window â Offers have softened $1â5/t from midâweek peaks, but Baosteelâs fourth consecutive monthly price hike, iron ore at $113/dmt, and CISAâs export restriction plan mean the pullback may be shallow and shortâlived.
- Prepare for both Iran ban scenarios now â diversify supply chains â With May 30 only 17 days away and no clarity on extension, securing JuneâJuly allocations from Chinese and Indian suppliers hedges against a supply shock.
For Export Sales Managers:
- Hold firm on offers â the structural bull case is intact â Buyer resistance is a nearâterm dynamic; Baosteelâs pricing power, CISAâs restriction signals, and iron ore costs justify current FOB levels.
- Redirect South Africa structural steel volumes to Nigeria and Kenya â The 74.98% AD duty remains prohibitive, while the zeroâtariff policy and naira appreciation create a more favorable export window in West and East Africa.
đ What You Get in the Full Report
- Complete FOB China and CFR Africa price tables for all major products, with weekâonâweek change quantification
- Detailed policy analysis: CISA semiâfinished export restrictions, US Section 232 exemption code 9903.81.13, Egypt AD probe closure, Iran ban countdown
- Freight and logistics deepâdive: BDI breaking 3,063, Capesize at 5,139, Dar es Salaam congestion surging to 13.6 days
- Currency and FX tracker: Nigeria naira rally, Egyptian pound appreciation and retracement, South Africa rand weakness on unemployment shock
- Baosteel June price hike and its passâthrough to export offers
- Supply and inventory dynamics by country, including Simandou rampâup and Tosyali $2.5B expansion
- 10â12 tailored recommendations for procurement managers and export sales managers
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Disclaimer: This sample contains partial data for illustrative purposes. The full report includes complete price tables, comprehensive policy analysis, and detailed action plans based on the latest market intelligence.
