- Chinese billet held prices were unchanged at RMB 2,940/t ($417/t) on 12 Dec, while SHFE rebar slipped RMB 8/t ($1/t) to RMB 3,038/t ($431/t). Weak demand and limited winter stocking kept buying subdued, prompting mills to trim allocations.
- Sentiment softened further after news of export quota controls, likely tightening shipments and reducing export interest. Steel export prices stayed unchanged.
China: Billet prices unchanged; rebar futures soften on muted buying and export uncertainty
BigMint steel analysis billet market update china billet prices china steel market China: Billet holds firm as rebar softens on muted buying and export uncertainty China: Billet prices unchanged; rebar futures soften on muted buying and export uncertainty Chinese mills allocation coke price cut export policy uncertainty China ferrous market update rebar futures decline SHFE rebar prices steel raw material pressure weak steel demand China winter stocking impact
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