Tag: china billet prices
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China: Billet, rebar prices rise as demand outlook for Sep’26 improves
Higher raw material costs, falling inventories support billet prices Export offers fall amid mixed overseas demand, active competition Chinese billet prices increased by RMB 10/t ($1/t) d-o-d to RMB 2,940/t ($436/t) on 14 August, while SHFE rebar futures rose by RMB 13/t ($2/t) to RMB 3,015/t ($447/t), supported by falling social steel inventories, improving market…