Tag: China steel outlook soft

Chinese billet prices slipped RMB 20/t ($3/t, 0.7%) d-o-d to RMB 2,940/t ($416/t) on 11 Dec, while SHFE rebar prices fell RMB 33/t ($5/t, 1%) to RMB 3,046/t ($432/t). The 25 bps US Fed cut drew a muted reaction as Chinese steel futures continued to correct, with social steel inventories at a 2025 low. Iron…