Regular Square Billet Prices In Qian’an, Tangshan Were Raised Today

ArcelorMittal said the EU’s CBAM launch in January 2026 and TRQ changes in July 2026 are key first steps toward a fairer market for Europe’s low-carbon steel sector. However, it warned that rising imports of steel derivative products outside CBAM and TRQ coverage are weakening policy effectiveness, especially in electrical steels, automotive and packaging, and called for downstream products to be included."

[India] Alang HMS (80:20) shipbreaking scrap held at around 400 USD/tonne EXW. In Gujarat’s Bhavnagar, billet fell to around 480 USD/tonne DAP, while rebar stayed near 539 USD/tonne EXW. In North India’s Mandi, billet slipped to around 502 USD/tonne DAP, rebar eased to around 558 USD/tonne EXW, and HMS scrap fell to around 413 USD/tonne DAP. Weak downstream demand kept mills buying only as needed, with prices likely to stay muted.

On 1 July 2026, the EU replaced the steel safeguard measures implemented since 2018 with a significantly stricter import quota system—this is not merely a continuation of the old policy, but a complete reconstruction of its underlying logic: the core objective has upgraded from "preventing trade diversion" to "targeted defense against high carbon and excess capacity."