- Billet prices in Tangshan rose RMB 10/t ($1/t) from Friday to RMB 3,000/t ($421/t), while SHFE Jan’26 rebar slipped RMB 11/t ($/t) to RMB 3,132/t ($439/t).
- Raw material prices strengthened on tighter seaborne supply despite steady port stocks. However, coke faced its first round of cuts. A softer dollar and a likely Fed rate cut supported sentiment.
China: Billet prices gain $1/t as raw materials strengthen on tighter supply
China billet market China: Billet prices gain $1/t as raw materials strengthen on tighter supply Chinese steel demand supply balance Chinese steel market coke price cuts Fed rate cut impact on commodities HRC demand China raw material supply China SHFE rebar prices softer dollar commodities steel exports China Tangshan Billet Prices
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