- China’s billet prices rose RMB 30/t ($4/t) to RMB 2,960/t ($416/t) from last Friday, while SHFE Jan’26 rebar increased RMB 42/t ($6/t) to RMB 3,100/t ($436/t).
- Export activity was steady, and raw material prices, including coke and iron ore, firmed on supply concerns.
- Mills trimmed hot metal output and scheduled blast furnace maintenance, while local steel prices inched up by around RMB 10-20/t.
China: Billet prices gain on firm raw material costs, supply cuts
billet market China blast furnace maintenance China china billet prices China rebar prices China: Billet prices gain on firm raw material costs China: Billet prices gain on firm raw material costs and supply cuts Chinese steel exports Chinese steel market coke prices China hot metal production China Iron ore prices China rebar market China SHFE rebar futures steel demand China steel mill output China steel price trends China
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