- Chinese billet prices stayed flat d-o-d at RMB 2,990/t ($423/t) on 2 Dec, while SHFE rebar prices fell to RMB 3,133/t ($443/t).
- November steel PMI at 48 signals market contraction, but falling inventories and firmer futures point to rising demand.
- Export markets remain steady, though key mills raised HRC and plate base prices by $5/t.
China: Billet, SHFE rebar prices stable d-o-d
Asian steel market billet price trends China steel PMI November China: Billet and SHFE rebar prices stable d-o-d Chinese billet prices Chinese steel exports Chinese steel market update HRC prices china metals market update plate prices China rebar price China RMB 2990 per tonne SHFE rebar steel futures China steel industry news steel inventory China
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