6.3 SMM Global Steel Daily Report

Published: Jun 3, 2026 17:51

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SMM News Flash:

[Billet] Today, export steel billet offers held steady. It was learned that regional offers showed slight divergence — northern offers were generally higher with steel mills showing weak willingness to sell, while east China offers were relatively lower but still above buyer expectations, resulting in mediocre transaction activity.

[Indonesia] A steel mill in Indonesia offered HRC export prices at 515 USD/tonne FOB for July. Market rumors suggested that prices still faced further downward pressure, as most steel mills had not yet received sufficient orders for July.

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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