8.3 SMM Global Steel Daily

Published: Aug 3, 2026 18:25

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[Flat Products] Today HRC and other flat-product export prices edged down 1-3 USD/tonne day on day, with HRC transaction prices at 479-483 USD/tonne.Futures fell sharply, market enquiry sentiment weakened, and traders reported few actual deals.

[Billet] Today billet export FOB prices fell 1-3 USD/tonne, with Jiangyin port offers at 445–450 USD/tonne. According to feedback, the off-season for domestictraditional construction steel demand is pronounced and billet exports have become the main focus; competition in the export trade is fierce and export offers keepweakening, while amid the falling market overseas buyers mostly stay on the sidelines and deals are mediocre.

[Rebar] Today rebar export offers at Tianjin port slipped 1-2 USD/tonne, with overall transaction prices at 474-480 USD/tonne. According to exporters, futuresextended their decline today and market confidence was weak; overseas buyers largely stayed on the sidelines with only a few enquiries, and trading was subdued.Some mills concluded deals at concessions, but mostly for small-lot orders.

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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