7.3 SMM Global Steel Daily Report

[Flat products (HRC)]HRC prices steady, trading muted as EU quota cuts hit exports

No dedicated slab/HRC export daily was published on 3 July; latest figures are from 2 July. HRC and other flat prices held steady,

with HRC deals at 488-497 USD/tonne alongside some lower RMB offers, and overall trading was muted. With EU quotas

tightening, traders reportedly have shipped little to the EU since April, hitting hardest those with large prior EU export shares.

[Billet]Export billet FOB steady at 458-461 USD, weak overseas order appetite

On 3 July export billet was quoted at 458-461 USD/tonne FOB, holding steady. Southeast Asian enquiries picked up slightly, but

domestic offers remained relatively high and overseas buyers were reluctant to place orders, mostly staying on the sidelines.

[Rebar]Rebar export offers steady, enquiry muted with small Hong Kong deals

On 3 July rebar export offers were steady, with sentiment staying wait-and-see and enquiry generally muted. Traders reported

small deals in Hong Kong recently, mostly need-based purchases, with overall trading lackluster