7.28 SMM Global Steel Daily Report

Published: Jul 28, 2026 18:03

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On July 28 China's steel export prices mostly eased. Flat-product exports gave back the prior day's gains, with HRC deals at 488-489

USD/tonne; market inquiry and trading sentiment cooled from the previous day, while mills' offer levels stayed relatively high and actual

deals were limited. Export billet FOB fell USD 2/tonne, with Jiangyin quoted at 455-458 USD/tonne, as destination-country demand urgency was low and domestic prices were still probing a bottom, leaving the market largely on the sidelines with muted inquiries and deals. Tianjin rebar export prices slipped USD 1/tonne to overall deals of 476-482 USD/tonne; amid the softening, overseas buyers stayed cautiously onthe sidelines, with a few inquiries but generally weak willingness to trade.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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