[SMM Steel]

Published: Sep 4, 2026 17:04

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[Steel Billet] Today, FOB export prices for square billets edged up by USD 1/t, with quotations at Jiangyin Port at USD 460–465/t. According to market feedback, overseas just-in-need demand is still in the recovery stage, and there has been some inquiry activity in the market. However, steel mills—taking production costs into account—are generally quoting at relatively high levels, making deals difficult to conclude.

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