Tag: Chinese steel capacity cuts

China: Billet prices decline but strong exports and low inventories limit downside

Oct 16, 2026

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by

Rahul Kumar Sahu

in Billet, Semi Finished

Weak end-user demand limits domestic steel price gains Golden October demand recovery remains below expectations Chinese billet prices declined by RMB 10/t ($2) d-o-d to RMB 2,940/t ($440), while rebar prices edged up by RMB 1/t to RMB 3,074/t ($460). Potential capacity cuts and low inventories provided some support to domestic steel prices, despite sluggish…