7.1 SMM Global Steel Daily Report

Published: Jul 1, 2026 18:40

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[Plate and Sheet]HRC Export Prices Cut 2-3 as Futures Break Support and Inquiries Slump

HRC export prices were cut 2-3 USD/tonne today, and other flat products aside from medium plate also fell 2-3 USD/tonne day on

day, with HRC dealt at 488-497 USD/tonne. Feedback shows medium plate export has held up well recently with relatively firm

prices, while domestic futures broke below support today, leaving inquiry sentiment extremely bleak and the market largely on

the sidelines.

[Billet]Export Billet FOB at 462-464 as Basis Swings Nudge Prices Lower

Export billet FOB was quoted at 462-464 USD/tonne today, down 1-2 USD/tonne on basis swings. Feedback shows both domestic

and overseas billet prices declined to varying degrees, and with buyers holding a buy-on-rise-not-on-fall mindset, wait-and-see

sentiment is strong and inquiries and trades were fairly ordinary.

[Rebar]Rebar Export Prices Slip 1 as Low-Price Concessions Bring Small Forward Deals

Rebar export prices slipped 1 USD/tonne today. According to trader feedback, some participants attempted low-price concession

sales and a small number of forward orders were concluded, but overseas demand has yet to show a clear pickup and actual

trades remain without notable improvement

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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