- Chinese billet held steady d-o-d at RMB 2,980/t ($421/t) on 26 Nov, while SHFE rebar slipped to RMB 3,099/t ($438/t).
- The market remains quiet with no clear policy direction and manageable inventories, limiting mills’ flexibility.
- Export sales slowed, with discounted HRC moving to the Middle East and coated products to South Asia and Africa.
- Iron ore rose to $106.5/t, while coke softened, leaving costs mixed.
China: Billet prices hold steady d-o-d amid weak exports and mixed cost signals
BigMint billet update billet market update china billet prices China daily steel recap China raw materials China steel export trends china steel market china steel outlook China: Billet prices hold steady d-o-d amid weak exports and mixed cost signals Chinese HRC exports coated steel exports Coke Price iron ore price SHFE rebar
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