- Chinese billet prices rose RMB 30/t ($4/t) to 2,980/t ($419/t) against 14 Nov, while SHFE Jan’26 rebar gained RMB 44/t ($6/t) to 3,097/t ($436/t).
- Tight supply and firm costs supported the rise, with flat and long steel rising.
- Iron ore and coke shortages prompted a fourth-round price hike, lifting port prices by RMB 10/t ($1/t).
- New rates may face pressure in the coming week.
China: Billet prices rise on cost pressure, tighter supply
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