Tag: China: Steel billet prices inch up by $1/t despite cautious activity ahead of year-end

Chinese billet prices edged up by RMB 10/t ($1/t) to RMB 2,960/t ($421/t) on 22 Dec’25 from 19 Dec, while SHFE rebar slipped marginally by RMB 1/t ($0.1/t) to RMB 3,075/t ($437/t). Raw material prices saw limited movement, and the market remained quiet at the start of the week, with most participants adopting a wait-and-watch…