5.13 SMM Global Steel Daily Report

Published: May 13, 2026 18:43

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HRC] HRC export prices edged down 1 $/mt DoD today, with quotes still fluctuating around 510 USD/tonne. According to market feedback, buyers outside China still showed limited acceptance of current prices, with strong wait-and-see sentiment and cautious actual transactions.

[Rebar] Rebar FOB prices edged down today, declining 1 $/mt. According to traders, recent inquiry activity at northern ports was moderate, with average transaction volumes; quotes at South China ports remained firm, with some steel mills offering export prices at 520 $/mt, while high-priced resources saw sluggish transactions.

[Steel Billet] Steel billet 3SP 150*150mm FOB quotes edged down 1-2 $/mt today, with prices around 483 USD/tonne. Market sources indicated that there were export inquiries for steel billet, but overall feedback suggested current prices were on the high side, with limited acceptance from ex-China clients and average transaction performance.

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.

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