[SMM Shanghai HRC Inventory] This week, Shanghai inventory edged down.

Published: Jul 16, 2026 14:10

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This week, Shanghai HRC inventory stood at 456,200 mt, down 12,500 mt WoW, a decline of 2.67%; up 67.91% YoY.

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[Flat products] HRC export deals rise to 488-494 USD/tonne, overseas inquiries lag futures rally On 15 July, HRC and other flat-product export prices rose 1-2 USD/tonne day-on-day, with HRC deals at 488-494 USD/tonne. Chinese futures rallied for a second session, but with overseas prices holding flat, foreign buyers did not step up inquiries in response to the domestic rally; a few grades saw limited deals as the increase was modest. [Billet] Export billet FOB up 1-2 USD/tonne, Jiangyin at 458-460 USD/tonne On 15 July, export billet FOB prices rose 1-2 USD/tonne, with Jiangyin port quoted at 458-460 USD/tonne. Market feedback indicated buyers in Southeast Asia were pushing hard on price, while Chinese mills, mindful of production costs, had limited room to concede, making deals difficult to close. [Rebar] Rebar export offers up 1 USD/tonne, overseas price pressure keeps deals subdued On 15 July, rebar export offers edged up 1 USD/tonne. Traders reported that although export quotes tracked the futures gain, overseas buyers continued to press on price, and actual inquiries and deals showed no clear improvement.

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