Steel Exports Steady, Market Slows as Chinese New Year Approaches

Published: Feb 10, 2026 18:11

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SMM Flash: Steel export offers held steady today, with mainstream order shipments concentrated in March-April. Market transactions, approaching the holiday, sentiment for taking orders significantly weakened, with most traders holding offers steady. Recently, orders and shipments for sheets & plates and wire rods have been relatively average. Looking ahead, prices are expected to mostly hold steady before the Chinese New Year, with transactions tending to quiet down.

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