Tag: China: Billet and rebar prices rise on raw material cost support

Chinese billet prices inched up by RMB 30/t ($4/t) from 21 Nov’25 to RMB 2,980/t ($419/t), while SHFE rebar gained RMB 32/t ($5/t) to RMB 3,089/t ($435/t). Tight supply and stable production costs lifted prices, with steady iron ore at $104-106/t (62% Fe) encouraging mills to keep prices firm. Coated billet sales improved last week,…