- Chinese billet prices inched up by RMB 30/t ($4/t) from 21 Nov’25 to RMB 2,980/t ($419/t), while SHFE rebar gained RMB 32/t ($5/t) to RMB 3,089/t ($435/t).
- Tight supply and stable production costs lifted prices, with steady iron ore at $104-106/t (62% Fe) encouraging mills to keep prices firm.
- Coated billet sales improved last week, adding upward support even as broader market sentiment remained cautious.
China: Billet, rebar prices rise on raw material cost support
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