8.12 SMM Global Steel Daily Report

Published: Aug 12, 2026 18:26

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[China Steel Market]

On August 12 China's steel export prices were mixed between gains and stability. Most flat-product export prices held flat day on day with some edging up 1 USD/tonne, and HRC transactions were at 482-485 USD/tonne; the market was relatively quiet overall, some low-priced informal offers did trade, and there is currently some port congestion at Bayuquan. Billet export FOB prices rose 1 USD/tonne, with Jiangyin port offers at 450-455 USD/tonne; offers fluctuated little and were mainly referenced to the rebar futures basis, while overseas buyers showed little urgency and were in no hurry to place orders. Rebar export offers at Tianjin port were steady with transactions at 472-477 USD/tonne; overseas enquiries were unremarkable and some South China exporters offered at 505 USD/tonne, where deals were difficult.

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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