- Chinese billet prices dipped by RMB 10/t ($1/t) d-o-d to RMB 2,930/t ($412/t), while SHFE Jan’26 rebar futures slipped by RMB 19/t ($3/t) to RMB 3,025/t ($425/t).
- The market was sluggish amid weak demand and reduced output. Iron ore held steady, while coke prices fell on tight supply. With limited policy cues, mills are gradually cutting production ahead of winter.
China: Billet prices inch down by $1/t d-o-d
billet and rebar prices China china billet prices China iron ore market china steel demand China steel industry outlook China: Billet prices inch down by $1/t d-o-d Chinese raw material market Chinese steel market Chinese steel mills coke price drop coke supply shortage China Jan 2026 rebar contract SHFE rebar futures steel futures Shanghai steel output cuts winter production cuts China
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