Tag: China: Steel billet prices inch up $1/t d-o-d

Chinese billet prices edged up by RMB 10/t ($1/t) d-o-d to RMB 2,950/t ($419/t) on 18 Dec’25, while SHFE rebar gained RMB 30/t ($4/t) to RMB 3,090/t ($439/t). Mills appeared reluctant to cut prices further, with allocations marginally higher, though overall sentiment remains cautious.