7.29 SMM Global Steel Daily

Published: Jul 29, 2026 18:05

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[Plate/HRC] Today HRC and other flat-product export prices edged up USD 1/tonne day on day, with HRC transaction prices at 485-489 USD/tonne. Overseas

Indonesian slab dipped to 465 USD/tonne today, while the domestic price still held at 470 USD/tonne; that level is understood to have essentially reached the

domestic cost line, so further cuts by Chinese mills look unlikely.

[Billet] Today export billet was offered at 451-455 USD/tonne FOB Jiangyin. Market feedback indicates that heavy domestic sales pressure has lifted mills'

appetite for billet exports, with some recently lowering prices to move cargo to exporters, while overseas customers' inquiries were unremarkable.

[Rebar] Today Tianjin rebar export prices were steady, with some mills quoting slightly lower and overall transaction prices at 478-483 USD/tonne. Some market

participants reported discounted deals today, mostly in small lots, while order intake at the majority of mills that did not cut prices remained poor.

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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