Tag: China: Billet prices remain stable d-o-d

Chinese billet prices held steady d-o-d at RMB 2,980/t ($421/t), while SHFE rebar inched up by RMB 17/t ($2/t) to RMB 3,106/t ($438/t). Stable supply, firm production costs, and slight higher iron ore ($106/t) have kept overall sentiment steady yet supported, with mills showing no urgency to adjust offers.