- Chinese billet prices fell by RMB 50/t ($7/t, 2%) to RMB 2,950/t ($424/t) on 8 Dec’25 as compared to 5 Dec , while SHFE rebar slipped by RMB 24/t ($3/t, 1%) to RMB 3,083/t ($439/t).
- Weak demand outlook, unclear government policies for housing and stock markets, slow seasonal steel consumption weighed on prices.
- Declining coke costs and cautious year-end export activity led mills to lower prices and reduce steel output.
China: Billet, SHFE rebar prices fall on weak demand
Asia steel prices billet price drop Billet: Chinese billet and SHFE rebar fall d-o-d on weak demand China housing policy china steel market china steel outlook China: Billet and SHFE rebar prices fall d-o-d on weak demand Chinese billet price Chinese steel futures coke price decline ferrous market update rebar futures SHFE rebar steel output cut weak steel demand winter steel slowdown year-end exports
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