- Chinese billet prices fell 0.3% (RMB 10/t) to RMB 2,990/t ($423/t) on 4 Dec, while SHFE rebar gained by 0.2% (RMB 7/t) to RMB 3,120/t ($441/t).
- Raw materials softened amid high port inventories, while muted demand and limited restocking kept buying interest weak.
- Exports remained quiet but firm. Despite ample supply, mill inventories fell to a one-month low, helping keep steel prices broadly stable.
China: Billet softens, SHFE rebar firms on 4 Dec
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