- Chinese billet prices rose RMB 20/t ($3/t) d-o-d to RMB 2,950/t ($416/t); SHFE Jan’26 rebar gained RMB 7/t ($1/t) to RMB 3,053/t ($430/t).
- Stronger cost support from iron ore and coke has improved mill sentiment, giving billet prices upward momentum despite slow end-user demand.
- Reduced hot-metal output from production cuts has tightened billet availability, allowing prices to rise even though overall steel market activity remains sluggish.
China: Billet tags edge higher d-o-d despite sluggish demand, supported by supply tightening
billet demand China billet price update china billet prices China raw material costs china steel market China steel supply Chinese mills production cuts Chinese Steel Prices Coke market china d-o-d billet price movement hot metal output cuts iron ore cost support SHFE rebar futures steel inventory China steel market sentiment China
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