- Chinese billet prices inched up by RMB 10/t ($1/t) to RMB 2,990/t ($423/t) on 1 Dec against 28 Nov, while SHFE rebar gained RMB 24/t ($3/t) to RMB 3,134/t ($443/t).
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Stronger demand and improved market sentiment lifted billet prices. Strong exports, a weaker dollar, rising raw material costs, and low inventories also supported price gains.
China: Billet, SHFE rebar prices edge up on stronger demand, export support
China billet market China export steel china rebar market china steel demand china steel market China steel price update China steel prices Chinese billet prices Chinese steel industry low inventory impact market sentiment China Raw material costs SHFE rebar prices steel futures impact steel price trends
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