7.22 Global Steel Daily

Published: Jul 22, 2026 18:16

[Plate/HRC] Today HRC and other flat-product export prices were flat day on day, with HRC deal prices at 486-491 USD/tonne. Overseas markets still saw no clearpick-up in volume and remained largely wait-and-see; some domestic traders selling short were able to secure a certain amount of volume.

[Billet] Today export billet FOB prices were steady, with Jiangyin quoted at 457-459 USD/tonne. It is understood that the current international situation is unstableand a partial strait blockade in the Middle East has weighed somewhat on steel exports, with most Middle-East buyers taking a wait-and-see stance pendinggreater clarity. Meanwhile domestic billet export offers held no clear competitive edge, making deals hard to close.

[Rebar] Today Tianjin rebar export prices were steady, with deals at 479-484 USD/tonne. Market participants reported ordinary inquiries; some South-China millsquoted rebar exports on the high side at 510 USD/tonne FOB, but the high offers struggled to clear.

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
Vietnam Flags 9 Steel Product Groups at Risk of Trade Defense Investigations
Common.Time.minsAgo
Vietnam Flags 9 Steel Product Groups at Risk of Trade Defense Investigations
Read More
Vietnam Flags 9 Steel Product Groups at Risk of Trade Defense Investigations
Vietnam Flags 9 Steel Product Groups at Risk of Trade Defense Investigations
Vietnam's Trade Remedies Authority has updated its watchlist, with steel emerging as the sector under the most pressure, 9 product lines flagged across the EU, US, Canada, Australia, and India, including cold-rolled flat/stainless steel, hot-rolled 304 stainless steel, structural steel sections, prestressed steel wire strand, welded carbon steel pipe, bolts, and screws. Some products are growing fast: 304 stainless steel exports to India are up 95.6% (holding 39.2% import market share), welded carbon steel pipe to Canada up 190.7%, and prestressed steel wire strand accounting for 34.6% of US imports, even as the US already imposes duties on 22 other markets for similar products. The Ministry advises companies to tighten control over raw material sourcing and ensure traceability of origin to reduce risk.
Common.Time.minsAgo
[SMM Analysis] EAF Operating Rate Edges Up This Cycle
Common.Time.minsAgo
[SMM Analysis] EAF Operating Rate Edges Up This Cycle
Read More
[SMM Analysis] EAF Operating Rate Edges Up This Cycle
[SMM Analysis] EAF Operating Rate Edges Up This Cycle
As of July 21, the operating rate among 50 EAF steel mills mainly producing construction steel nationwide was 36.62%, up 0.04 percentage point WoW; the capacity utilization rate was 36.50%, down 0.06 percentage point WoW; daily average production of construction steel stood at 81,300 mt, down 100 mt WoW.
Common.Time.minsAgo
[SMM Analysis] Construction Steel Inventory Buildup Continues to Slow This Week
Common.Time.minsAgo
[SMM Analysis] Construction Steel Inventory Buildup Continues to Slow This Week
Read More
[SMM Analysis] Construction Steel Inventory Buildup Continues to Slow This Week
[SMM Analysis] Construction Steel Inventory Buildup Continues to Slow This Week
According to SMM statistics, both mill inventories and social inventories saw inventory buildup to varying degrees. Total construction steel inventories reached 8.4379 million mt, up 41,800 mt WoW, or up 0.50% WoW, with the pace of inventory buildup continuing to slow.
Common.Time.minsAgo
[Plate/HRC] Today HRC and other flat-product export prices were flat d - Shanghai Metals Market (SMM)