Steel Export Quotations Stable, Southeast Asia Shipments Up Amid War-Driven Freight Hikes

Published: Mar 3, 2026 18:14

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SMM Flash: Overall, domestic export quotations saw relatively small changes today. Export volumes of some steel billet shipments to Southeast Asia increased, and quotations edged up slightly, but profit per mt was not high. Overseas quotations were mostly raised. Affected by the war, shipping capacity was tight, and overall ocean freight rates increased. Most traders were currently staying on the sidelines and suspended quotations to the Middle East. In addition, port blockades in multiple locations across the Middle East affected vessel berthing, forcing ships to seek alternative ports, such as Sohar Port in Oman.

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