Tag: China steel industry updates

China: Billet prices edge up despite slow demand recovery

Mar 5, 2026

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by

Ramavath Mounika

in Billet, Semi Finished

Policy support, Tangshan steel output cuts lift sentiment Cautious buying interest weighs on SHFE rebar futures Chinese billet prices rose by RMB 10/t ($1/t) d-o-d to RMB 2,920/t ($423/t) on 5 March, supported by improved sentiment after China set a 4.5-5% GDP growth target and as Tangshan steel output cuts tightened supply. Firm raw material…