- Chinese billet held prices were unchanged at RMB 2,940/t ($417/t) on 15 Dec, while SHFE rebar slipped RMB 11/t ($2/t) to RMB 3,049/t ($434/t).
- New Chinese export rules created ambiguity around steel shipments, keeping the physical market cautious and limiting buying interest, which weighed on rebar prices.
- Rising costs and mills’ focus on cost cuts restrained procurement, helping billet remain stable while rebar slipped slightly.
China: Billet stable; SHFE rebar dips on export uncertainty and cost pressures
billet stable china steel market China: Billet stable; SHFE rebar dips on export uncertainty and cost pressures Chinese billet prices Chinese export rules Chinese mills December 2025 steel market sentiment Raw material costs rebar decline SHFE rebar prices steel export policy steel market update steel price news steel procurement
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