Tag: China: Steel billet prices edge up amid production cuts and supply concerns

China’s billet prices rose RMB 20/t ($3/t) to RMB 2,950/t ($414/t) from last Friday, while SHFE Jan’26 rebar gained RMB 40/t ($6/t) to RMB 3,077/t ($432/t). Mills have cut liquid iron output and plan blast furnace overhauls, with local steel prices up nearly RMB 10/t. Exports held steady, while coke and iron ore firmed up…