Tag: China: Billet prices hold steady d-o-d amid weak exports and mixed cost signals

Chinese billet held steady d-o-d at RMB 2,980/t ($421/t) on 26 Nov, while SHFE rebar slipped to RMB 3,099/t ($438/t). The market remains quiet with no clear policy direction and manageable inventories, limiting mills’ flexibility. Export sales slowed, with discounted HRC moving to the Middle East and coated products to South Asia and Africa. Iron…