Tag: China steel market outlook

China billet and rebar prices stay firm as raw material costs increase

Sep 21, 2026

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by

Ramavath Mounika

in Billet, Semi Finished

Tighter supply-demand balance limits selling pressure Fifth round of coke price hike adds cost pressure on mills Chinese billet prices rose by RMB 10/t ($2/t) d-o-d to RMB 3,010/t ($449/t) on 21 September, supported by firm raw-material costs, a gradual decline in social inventories and limited selling pressure. SHFE rebar futures increased by RMB 41/t…