- Billet prices slipped RMB 10/t ($1/t) d-o-d to RMB 2,930/t ($410/t), with export offers easing by around $3/t. Meanwhile, SHFE Jan’26 rebar declined by RMB 22/t ($3/t) to RMB 3,061/t ($429/t).
- The market witnessed weak demand, elevated inventories, and high output. Sentiment was muted, as participants awaited potential policy support. Additionally, mills cautiously adjusted base prices as importers tested domestic levels.
China: Billet prices slip $1/t d-o-d amid weak demand, high inventories
China billet market china rebar market China steel prices China: Billet prices slip $1/t d-o-d amid weak demand and high inventories Chinese steel exports finished steel China raw material prices China semi-finished steel China SHFE Jan26 rebar SHFE rebar prices Steel Market Outlook steel market trends china steel price update China Tangshan Billet Prices tangshan steel market
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