6.8 SMM Global Steel Daily Report

Published: Jun 8, 2026 19:02

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SMM News Flash:

[Steel Billet] Today, billet export offers weakened, with offers at USD 470–474/t. According to feedback from several traders, the North African market is facing pressure from rising port and freight costs, but the overall impact remains limited. Market inquiries were relatively active, mainly from customers in South Asia and the Middle East. Recently, low-priced export billet transactions were concluded.

[Thailand] Currently, the DDP price for cold-rolled substrate galvanizing in Thailand is 28.75 THB/kg. According to SMM’s latest survey, affected by weak procurement demand during the off-season, orders at local processing centers have recently shown a weakening trend, with actual transaction performance remaining weak. It is expected that prices will remain under pressure in the near term, and significant improvement in short-term trading will be difficult to see, pending the release of updated price adjustments by steel mills.

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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