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Daily Updates/Daily Brief — 2026-09-03
Daily Brief

Daily Brief — 2026-09-03

2026-09-03

Market Overview

Price Trend
-0.12%→ Stable
Futures
→ Stable
Demand (RFQ)
→ Stable
Sentiment
Bullish

Market Analysis

Composite steel prices moved sideways -0.12% day-over-day. HRC and rebar benchmarks remain the most-watched grades for export buyers.

• Top Gainer: Hot Rolled Coil (11.5*1800*C) ▲0% • Top Gainer: Flat Steel (3*40) ▲0% • Top Gainer: Rebar (φ10) ▲0% • Top Loser: Channel Steel (10#) ▼-0.56% • Top Loser: Channel Steel (22#) ▼-0.56% • Top Loser: Angle Steel (50*50*5) ▼-0.56%

Shanghai rebar futures (RB) are trading with cautious sentiment.

Inventory levels are lean, supporting near-term price stability. Week-over-week, stocks fell by 12.41%.

East China spot prices remained stable by a marginal amount.

Buyer inquiry activity is stable week-over-week across Southeast Asia, the Middle East and Africa.

Overall sentiment is bullish (score: 56/100) — buyers should secure volumes early.

For daily FOB quotes, landed cost estimates and verified suppliers, visit dailysteelprice.com.

Key Prices (USD/ton)

ProductSpotFOBVietnamPhilippinesThailandIndonesiaMalaysia
Angle Steel$525
¥3560
$536.64$565$569$567$572$570
High Speed Wire Rod$557
¥3780
$569.08$597$601$599$604$602
Hot Rolled Coil$532
¥3610
$544.02$572$576$574$579$577
Rebar$537
¥3640
$548.44$576$580$578$583$581
Channel Steel$528
¥3580
$539.59$568$572$570$575$573
Cold Rolled Coil$590
¥4000
$601.51$630$634$632$637$635
Medium Plate$600
¥4070
$611.83$640$644$642$647$645
I-Beam$547
¥3710
$558.76$587$591$589$594$592
Spot = Shanghai spot CNY converted to USD, FOB = Shanghai port FOB price, Landed = landed cost at destination port (USD/ton)
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