Tag: China steel prices March 2026
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China: Billet prices fall as demand remains sluggish
Weak demand caps domestic steel market activity Export market improves with selective higher offers Chinese billet prices declined by RMB 20/t ($3/t) d-o-d to RMB 2,960/t ($428/t) on 27 March, as domestic demand remained sluggish despite a 2–3% increase in mill production. Trade activity stayed weak, with rebar transactions below 100,000 t/day, while softer iron…