8.26 SMM Global Steel Daily

Published: Aug 26, 2026 18:17

Save

[Flat products]Today HRC and other flat-product export prices were steady day on day, with HRC transactions concentrated in the 490-493 USD/tonne range.

Overall market sentiment was mediocre today, and some mills in north China concluded small-lot HRC deals.

[Billet]Today billet export FOB prices were steady, with Jiangyin port offers at 455-460 USD/tonne. Feedback indicates that export offers have risen recently, but

overseas buyers' price expectations sit more than 5 USD/tonne below those offers, and with some overseas exporters quoting on the low side, Chinese prices hold

no clear advantage. The market has largely stayed cautiously on the sidelines and appetite to trade has been weak.

[Rebar]Today rebar export offers at Tianjin port were steady, with overall transactions at 478-483 USD/tonne. Exporters report that recent typhoon disruption has

prompted warnings at some ports, which may weigh on port operations and loading efficiency. On the demand side, overseas end-users remain reluctant to accept

high-priced cargoes, and overall trading has been on the weak side.

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

[SMM Daily Sheets & Plates Comment] HRC Prices Move Sideways, Inventories Still Accumulating in Multiple Regions

HRC futures moved sideways today, with the most-traded HC2610 contract closed at 3,342 yuan/mt, down 0.24% intraday. The spot market was also under pressure, with mainstream quotations pulling back 5-10 yuan/mt. Transaction volumes weakened MoM during the day, and more traders offered discounts to sell. In terms of supply, the latest SMM survey on HRC maintenance pace shows a pattern of "shooting up this week and concentrated production resumptions next week," but overall production remains at historically low levels for the same period. On the demand side, according to the SMM survey, most clients do not hold high expectations for a market recovery from the off-season to the peak season, and downstream purchase willingness is weak. Social inventory data released intraday across multiple regions also primarily shows inventory buildup. Therefore, on balance, HRC fundamentals lack upward momentum in the short term and are likely to continue moving sideways.

1 hour ago

2 hours ago

[SMM Steel] Malaysian HRC and rebar prices move in opposite directions

[Malaysia] Malaysian flat and long steel prices moved in opposite directions this week. A major local mill’s offer for S275JR HRC stood at around MYR 2,130/tonne ($528/tonne) EXW, up MYR 20/tonne week on week. Meanwhile, market transaction prices for 16mm and 20mm B500B rebar were reported at around MYR 2,180/tonne ($540/tonne) EXW, down MYR 40/tonne week on week. Overall trading activity remained cautious, with downstream buyers mainly purchasing on an as-needed basis.

2 hours ago

[SMM Steel] Absence of Black Sea Supplies and Demand Recovery Drive Up Turkish Billet Prices

[Turkey] Both domestic and import steel billet prices in Turkey moved significantly higher. Driven by the continued absence of Russian Black Sea supplies and a recovery in domestic demand, Turkish domestic billet prices rose sharply by 15 USD/tonne to 540–545 USD/tonne EXW, while import quotes edged up synchronously by 10 USD/tonne to 505–510 USD/tonne CFR. On the domestic front, Russian supply disruptions triggered a buying rush, prompting local mills to release large volumes. On the import front, approximately 50,000 tonnes of Malaysian billet were recently booked at 512–515 USD/tonne CFR for late-September delivery. Notably, over the past two weeks, a small volume of Iranian billet reached Turkey via rail at 460–480 USD/tonne delivered, though future trade could be hindered by US sanction risks. Meanwhile, Russian Black Sea offers remained stalled due to prohibitive logistics costs, with freight to Turkey holding high at 50–70 USD/tonne alongside additional overland rail surcharges.

2 hours ago