Tag: 960/t ($428/t) on 9 March

China: Billet prices rise on firm raw material costs amid geopolitical tension

Mar 9, 2026

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by

Devanshu Agrawal

in Billet, Semi Finished

Strong raw material costs and speculative buying lift prices Middle East tensions disrupt freight and export sentiment Chinese billet prices increased by RMB 30/t ($4/t) d-o-d to RMB 2,960/t ($428/t) on 9 March, supported by firm raw material costs including iron ore and coking coal, along with improved domestic sentiment and speculative buying. Baosteel also…