- Chinese billet prices stayed firm at RMB 3,000/t ($422/t) d-o-d, while SHFE Jan’26 rebar slipped RMB 27/t ($4/t) to RMB 3,106/t ($437/t).
- Domestic rebar prices gained support from higher raw material costs and improved demand.
- Market sentiment improved amid renewed policy optimism and stronger macro data, while sintering cuts in North China from 27 Oct have raised supply concerns and may support prices.
China: Billet prices stay firm, rebar rises on cost pressure
billet and rebar trends China macroeconomic data china steel market China: Billet prices stay firm and rebar rises on cost pressure Chinese billet prices Chinese Steel Prices Coking Coal Prices Iron Ore Prices Raw material costs Rebar prices china SHFE rebar futures sintering cuts North China steel demand China steel market sentiment steel supply concerns
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