8.17 SMM Global Steel Daily

Published: Aug 17, 2026 17:21

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[Flat Products]Today some HRC and other flat-product export prices were steady to slightly higher day on day, with HRC transaction prices at 484-487

USD/tonne. The trading atmosphere was ordinary today and few firm deals were heard in flat products.

[Billet]Today billet export FOB prices were steady, with Jiangyin port offers at 448-453 USD/tonne. According to market feedback, mills continue to operate at a

loss and are largely optimistic about prices ahead, so export offers are hard to push down; with the renminbi currently weaker, overseas buyers are resistant to

higher offers and deals are difficult to conclude.

[Rebar]Today rebar export offers at Tianjin port were steady, with overall transaction prices at 472-477 USD/tonne. According to exporters, wait-and-see sentiment

built through the day, overseas enquiries were clearly weaker than last week, and no transactions have been reported so far.

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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