Tag: China: Billet stable; SHFE rebar dips on export uncertainty and cost pressures

Chinese billet held prices were unchanged at RMB 2,940/t ($417/t) on 15 Dec, while SHFE rebar slipped RMB 11/t ($2/t) to RMB 3,049/t ($434/t). New Chinese export rules created ambiguity around steel shipments, keeping the physical market cautious and limiting buying interest, which weighed on rebar prices. Rising costs and mills’ focus on cost cuts…