China: Billet prices flat even as lukewarm demand caps SHFE rebar movement

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Chinese billet prices stayed flat at RMB 2,940/t ($417/t) on 17 Dec’25, while SHFE rebar edged up RMB 2/t ($0.2/t) to RMB 3,060/t ($434/t).
Dec demand remains weak, with rebar trades around 100,000 t/day, as tight liquidity and uncertain exports cap mills’ pricing power.
Firmer raw material sentiment is offering cost support, though spot buying remains subdued keeping billet and rebar largely stable.

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