SMM analysis projects iron ore prices to trend strong in September as steel mills complete maintenance and ramp up hot metal production, lifting ore demand. Rising coke prices are expected to add further cost support. Demand recovery is anticipated with the peak season, though overall upside may be capped by still-weak end-market conditions.
DCE iron ore futures closed higher with spot prices edging up across mainstream grades. Blast furnace operating rates dipped slightly week-on-week and daily hot metal output declined, but bottoming-out signals and improved market expectations lent support. Traders maintained steady shipments while steel mills held back on procurement, leaving spot trading sluggish.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| HRB Steel | China | FOB | USD 427.68/MT | July 2026 |
| HRB Steel | India | CIF | USD 534.49/MT | July 2026 |
| HRB Steel | USA | FOB | USD 1,236.24/MT | July 2026 |
| HRB Steel | Germany | CIF | USD 561.31/MT | July 2026 |
| HRB Steel | Australia | CIF | USD 526.14/MT | July 2026 |
| HRB Steel | China | FOB | USD 431.50/MT | June 2026 |
| HRB Steel | India | CIF | USD 519.50/MT | June 2026 |
| HRB Steel | USA | FOB | USD 1,212.14/MT | June 2026 |
| HRB Steel | Germany | CIF | USD 552.50/MT | June 2026 |
| HRB Steel | Australia | CIF | USD 497.50/MT | June 2026 |
Stay updated with the latest HRB Steel prices, historical data, and tailored regional analysis
During Q2 2026, China HRB steel averaged 431.50 USD/MT (FOB) in June'26. China's HRB market strengthened in April and early May before correcting as construction demand remained under pressure. Official data showed HRB400E rebar rising during April before reaching a peak in early May, followed by declining momentum as buyers reduced purchases. China’s crude steel production fell 2.8% year on year in April 2026, limiting supply growth and providing some price support, but weaker property-sector demand remained a major constraint. India’s HRB market remained supported by infrastructure activity and steady steel consumption, although pricing was influenced by domestic supply conditions and raw material movements. India HRB steel averaged 519.50 USD/MT (CIF), and USA HRB steel averaged 1,212.14 USD/MT (FOB) in June'26. In the USA, HRB prices stayed higher due to stronger domestic supply protection, trade measures and higher replacement costs, while manufacturing and construction demand remained mixed.
Analyst Insight
According to Procurement Resource, HRB steel prices are expected to remain range-bound, with supply discipline supporting the market while construction demand recovery remains gradual.
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During Q1’26, HRB steel prices in Asia followed a volatile yet slightly declining trend, influenced by oversupply and uneven demand recovery. Global crude steel production remained elevated at ~1,849.4 million metric tonnes in 2025, maintaining strong supply pressure across markets. In January, prices saw limited support from higher raw material costs, but demand weakened due to the Lunar New Year slowdown, reducing construction activity and procurement. As the quarter progressed, the prices faced further pressure as inventories increased due to slow consumption and continued production, which weighed on market sentiment. By the last month of the quarter, demand improved with the resumption of construction projects, but high stock levels and cautious buying restricted price recovery. Export disruptions linked to the Iran war affected shipments through the Strait of Hormuz, raising freight costs and delaying deliveries.
HRB steel is a hot rolled processed type of steel that is produced by heating steel ingots or billets and then rolling them into different shapes. This type of steel has high strength, durability, and malleability and thus is widely used in construction, automotive, manufacturing, and several other sectors. It can also withstand heavy loads and can sustain various fabrication processes such as welding and bending useful in building structures, machinery and many other industrial products.
Construction, Furniture, Infrastructure, Ship building, Agricultural equipment
ArcelorMittal S.A., Nippon Steel Corporation, Shagang Group Inc, JFE Steel Corporation, Tata Steel Limited, Hyundai Steel Co Ltd
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
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