- China’s billet prices slipped RMB 20/t ($3/t) d-o-d to RMB 2,930/t ($411/t), while SHFE Jan’26 rebar dropped by RMB 19/t ($3/t) to RMB 3,058/t ($429/t).
- Overall, the market was quiet. Billet prices fell amid weak rebar sales and subdued steel exports. Minor production cuts supported rates, with slight destocking following a 1% cut in mill output. Raw material inventories climbed, while coke remained firm.
China: Billet prices drop by $3/t d-o-d as rebar underperforms
billet price drop china billet prices China steel futures china steel market China Steel Production China: Billet prices drop by $3/t d-o-d as rebar underperforms Chinese steel demand Chinese steel exports coke performance China mill output cut raw material inventory China rebar price decline SHFE rebar prices short-term steel outlook steel market trends steel market update
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