- Chinese billet prices held steady d-o-d at RMB 2,940/t ($413/t), while SHFE Jan’26 rebar inched down by RMB 7/t ($1/t) to RMB 3,030/t ($426/t).
- The Chinese steel market stayed soft with limited movement. Steel exports reached 97 mnt in Jan-Oct, though Oct volumes fell 12% y-o-y — the first dip in two years. Mills trimmed output amid weak demand, while raw material inventories remained high.
China: Billet prices remain steady d-o-d despite soft steel market
china steel market China: Billet prices remain steady d-o-d despite soft steel market Chinese billet prices Chinese mills output Chinese steel demand raw material inventory China Rebar prices china SHFE rebar steel exports China steel inventory China steel market trends steel production China weak steel demand
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