8.18 SMM Global Steel Daily

Published: Aug 18, 2026 17:50

Save

[Flat products]Today HRC and some other flat-product export prices were steady day on day, with HRC transactions at 484-487 USD/tonne. Export prices have

stabilised and rebounded in recent days and the market reports an increase in overseas enquiries, but buyers remain largely on the sidelines and actual deals have

shown no clear improvement.

[Billet]Today billet export FOB prices were steady, with Jiangyin port offers at 448-454 USD/tonne and order shipments mostly concentrated in October. According

to market feedback, export prices are currently quoted mainly on a basis and have limited room to fall further, while overseas demand is driven by immediate needs

and enquiry-to-deal conversion was ordinary.

[Rebar]Today rebar export offers at Tianjin port were steady, with overall transactions at 472-477 USD/tonne. According to exporters, market enquiries were

reasonable today and some mills received enquiries from the Dubai area. On deals, recent bookings have been mostly in small lots with no clear pick-up in volume,

for September-October shipment

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

[SMM Hot-Rolled Arrivals] Arrivals in Both Markets Pulled Back This Period

1 hour ago

[SMM Analysis] Electric Furnace Operating Rate Down 1.96% This Period

As of August 18, the operating rate of 50 EAF steel mills nationwide mainly producing construction steel was 31.71%, down 1.96% WoW; the capacity utilization rate was 31.30%, down 2.17% WoW from the previous period; the daily average production of construction steel was 69,700 mt, down 4,800 mt WoW from the previous period.

1 hour ago

2 hours ago

MMi Daily Iron Ore Report (August 18)

Iron ore futures firmed modestly today. The DCE most-active contract I2701 settled at RMB 714/mt, up 0.85% from the previous session. Spot prices at Qingdao Port rose RMB 2-3/mt from the previous trading day. Traders were reasonably active in offering

2 hours ago