7.23 SMM Global Steel Daily Report

Published: Jul 23, 2026 18:37

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On July 23 China's steel exports edged higher. Plate/HRC export prices rose USD 1-2/tonne day on day, with HRC deals at 487-492 USD/tonne; yet with domestic futures up, traders reported deals lagging recent days and mills' order-taking also below expectations. Export billet FOB nudged up USD 1-2 to 458-460 USD/tonne at Jiangyin — hit by a Middle-East shipping-security incident and a marked drop in traffic through the relevant strait that lifted freight and insurance costs, billet seaborne trade came under pressure and actual deals still required price concessions. Rebar export edged up day on day though the afternoon futures fell and offers loosened slightly; inquiries were flat amid continued wait-and-see, with a few East-China mills quoting British-standard rebar at 482-483 USD/tonne (ex-Jiangyin).

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