- China’s billet prices rose slightly by RMB 10/t ($1/t) to RMB 2,930/t ($411/t), while SHFE Jan’26 rebar slipped by RMB 12/t ($2/t) to RMB 3,037/t ($426/t).
- Mills remain under pressure, with some seeking fixed prices to curb losses. Trading stayed weak, and prices may fluctuate within a narrow range of RMB 40-50/t next week. Exports softened, iron ore fell on new supply, and coke gained RMB 50-55/t.
China: Billet prices inch up d-o-d; mills remain under pressure amid weak exports
billet price update china billet prices China export steel market china steel outlook chinese billet market Chinese steel market Chinese steel trading coke prices China Iron ore China rebar futures China RMB steel prices SHFE Jan26 rebar short-term steel forecast steel mill losses China steel price fluctuation China
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