Tag: billet market trends
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China: Billet prices hold steady d-o-d amid stagnant domestic market
Chinese billet prices held steady at RMB 2,930/t ($412/t), while SHFE Jan’26 rebar futures rose slightly by RMB 13/t ($2/t) to RMB 3,038/t ($427/t). The market was weak, with shrinking mill margins. More maintenance shutdowns are expected in the coming months. Rising iron ore port inventories and ongoing disputes over coke prices continued to pressure costs,…