Tag: China: Billet steady; SHFE rebar edges up on futures support amid export uncertainty

Chinese billet held prices were unchanged at RMB 2,940/t ($417/t) on 16 Dec’25, while SHFE rebar rose RMB 9/t ($1/t) to RMB 3,058/t ($434/t). Weak spot demand, steady mill allocations, and seasonal winter softness kept billet prices unchanged even as futures edged higher. Meanwhile, uncertainty around new export rules and raw material pressure capped gains,…