The global long steel products market is facing increased instability as China aggressively exports steel billets. Chinese finished products dominate both long and flat steel segments globally. Despite ample material availability, current raw material prices are maintaining market stability. With no signs of reduced production or exports from China, there are concerns about significant damage to the global steel industry if this trend continues.

Asia, particularly China, continues to undermine steel markets worldwide. Low capacity utilization rates and excess raw material stocks at Chinese ports have enabled Basic Oxygen Furnace (BOF) based producers to reduce costs. Conversely, Electric Arc Furnace (EAF) based mills face high scrap costs due to a tight market, further exacerbated by EU quota system changes.

In Europe, steel demand remains low, and freight prices are stable. Turkish rebar exports have increased but remain below historical levels. In the US, long product prices are under pressure from domestic competition, although infrastructure projects continue at a normal pace. Overall, the global steel market remains unstable, heavily influenced by China's actions.