Tag: China: Billet prices steady rebar slips on weak trade and cautious sentiment

Chinese billet prices were stable d-o-d at RMB 2,950/t ($421/t) on 24 Dec’25, while SHFE rebar increased by RMB 17/t ($2/t) to RMB 3,087/t ($440/t). Balanced supply-demand conditions kept billet prices stable. Weak export activity and a falling dollar discouraged mills from revising offers, with most awaiting clarity about new export licence to come into…