[SMM Steel]

Published: Sep 1, 2026 16:35

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[Steel billet] Today, the FOB export price of square billets corrected by $2/mt, with Jiangyin Port quoted at $465–470/mt. According to feedback, the spot-futures price spread for exported steel billets saw a slight correction today. There are no clear signs of improvement in demand outside China, and buyers remain reluctant to place orders. The gap between their price expectations and export offers makes transactions difficult.

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