Tag: China: Billet prices unchanged; rebar futures soften on muted buying and export uncertainty

Chinese billet held prices were unchanged at RMB 2,940/t ($417/t) on 12 Dec, while SHFE rebar slipped RMB 8/t ($1/t) to RMB 3,038/t ($431/t). Weak demand and limited winter stocking kept buying subdued, prompting mills to trim allocations. Sentiment softened further after news of export quota controls, likely tightening shipments and reducing export interest. Steel…