- Chinese billet prices rose 0.3% (RMB 10/t) or $1/t d-o-d to RMB 3,000/t ($425/t) on 3 Dec, while SHFE rebar prices fell by 0.6% (RMB 20/t) or $3/t to RMB 3,113/t ($441/t).
- Limited supply from new shipments and fresh material arrivals supported prices, helping maintain firmness despite sluggish demand.
- Inventory drawdowns, particularly in debar stocks, tightened domestic market availability, underpinning price stability and preventing further declines.
China: Billet and SHFE Rebar prices rise amid falling inventory
billet price today billet supply tight China construction steel China metals market update china steel market China: Billet and SHFE Rebar prices rise amid falling inventory Chinese billet prices Chinese steel trends d-o-d price movement debar stock decline rebar futures China RMB 3000 per tonne Shanghai Futures Exchange SHFE rebar steel demand China steel inventory drawdown
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