Dear Valued Users,
To further optimize our pricing system and enhance the precision of data indicators, facilitating more accurate period-over-period market comparisons, SMM has reviewed and adjusted the specifications for the "HRC St3sp 2-8mm FOB Black Sea" price point.
Effective 03 July 2026, the material, specification, and quality standards of the price point will be officially adjusted as follows:
- Product: HRC S235 JR 2*1250*C FOB Black Sea
- Price Definition: FOB Black Sea main ports
- Unit: USD/tonne
- Material: S235 JR
- Specification: 2.0*1250*C
- Quality Standard: Conforming to EN 10025 standard
- Mainstream Brands: NLMK, Severstal, MMK, etc.
- Minimum Volume: 2000 tonnes
- Delivery Time: Within 2 months
- Publication Time: Daily on working days, by 11:30 AM Beijing Time
- Payment Terms: L/C or T/T at sight in USD, other payment terms normalized
This adjustment aims to ensure that the relevant data indicators better align with international trade practices and industry benchmarks, empowering all market participants to conduct inquiries, analysis, and settlements based on highly professional standards. Customers utilizing these prices for settlement are advised to take note and make the necessary adjustments promptly to prevent any disruption to business operations.
Going forward, SMM will continue to optimize its price collection and publication system to provide you with more professional and reliable price benchmarks. Thank you for your continued support and cooperation!
Shanghai Metals Market (SMM)
Steel Industry Research Team
30 June 2026