[SMM Steel]

Published: Aug 24, 2026 16:05

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[Steel Billet] The FOB price of billet exports rose by $4/mt today, with offers at Jiangyin Port at $455–460/mt. According to market feedback, today's spot-futures price spread mostly followed the rise in rebar futures, showing no clear advantage over other steel billet export offers outside China, and with intense market competition, billet export orders were not ideal.

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