[SMM Steel]

Published: Oct 09, 2026 16:56 (GMT+8)
[Sheets & Plates] Today, export prices for some HRC and other sheets & plates rose $1-2/mt WoW, with HRC transaction prices concentrated in the $492-495/mt range. Overall market trading sentiment improved, but some clients had already purchased heavily before the holiday and have little post-holiday procurement demand.

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
[SMM Analysis] Ningbo HRC Inventory Rises, Post-Holiday Demand Lags Expectations
17 mins ago
[SMM Analysis] Ningbo HRC Inventory Rises, Post-Holiday Demand Lags Expectations
Read More
[SMM Analysis] Ningbo HRC Inventory Rises, Post-Holiday Demand Lags Expectations
[SMM Analysis] Ningbo HRC Inventory Rises, Post-Holiday Demand Lags Expectations
17 mins ago
[Domestic Iron Ore Brief] Iron ore concentrates prices in the Tangshan area are likely to consolidate on a subdued note
47 mins ago
[Domestic Iron Ore Brief] Iron ore concentrates prices in the Tangshan area are likely to consolidate on a subdued note
Read More
[Domestic Iron Ore Brief] Iron ore concentrates prices in the Tangshan area are likely to consolidate on a subdued note
[Domestic Iron Ore Brief] Iron ore concentrates prices in the Tangshan area are likely to consolidate on a subdued note
Domestic ore market prices in Tangshan dropped notably today, with 66% grade iron ore concentrates currently at Ex-works price of 900-910 yuan/mt on a dry basis, tax included. The most-traded iron ore futures contract drifted lower, and there was almost no inquiry or procurement activity in China's concentrates market.
47 mins ago
[SMM Steel] Indian HRC Prices Hold Firm; Maintenance and Full Order Books Raise Supply Concerns
1 hour ago
[SMM Steel] Indian HRC Prices Hold Firm; Maintenance and Full Order Books Raise Supply Concerns
Read More
[SMM Steel] Indian HRC Prices Hold Firm; Maintenance and Full Order Books Raise Supply Concerns
[SMM Steel] Indian HRC Prices Hold Firm; Maintenance and Full Order Books Raise Supply Concerns
[India Export] Indian HRC references held around 670USD/tonne FOB India for Europe, with offers at 750–760USD/tonne CFR North Europe and Middle East indications at 620–630USD/tonne CFR. The Vietnam reference remained around 575USD/tonne CFR, with no fresh firm Indian mill offers confirmed. Billet stood at 467.5USD/tonne FOB India. Domestically, HRC held around 664USD/tonne (64,000INR/tonne) EXW Mumbai, excluding 18% GST. Market participants said Tata Steel’s Meramandali maintenance could last around three weeks, with distributors reportedly told to expect only 15% of their usual HRC allocations. Two other major steelmakers reportedly had full order books covering domestic or export commitments. Participants consequently expect a near-term HRC shortage, supporting domestic sellers’ firm stance, while higher European offers still await confirmed transactions.
1 hour ago