Tag: billet prices August 2026

Declining steel inventories in some regions support prices Improved EAF margins support production activity Chinese billet prices increased by RMB 10/t ($1/t) d-o-d to RMB 2,950/t ($438/t) on 17 August, while SHFE rebar futures rose by RMB 1/t to RMB 3,016/t ($447/t). The increase was supported by improving domestic buying activity, with rebar trading recovering…