Tag: Chinese steel demand supply balance
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China: Billet prices gain $1/t as raw materials strengthen on tighter supply
Billet prices in Tangshan rose RMB 10/t ($1/t) from Friday to RMB 3,000/t ($421/t), while SHFE Jan’26 rebar slipped RMB 11/t ($/t) to RMB 3,132/t ($439/t). Raw material prices strengthened on tighter seaborne supply despite steady port stocks. However, coke faced its first round of cuts. A softer dollar and a likely Fed rate cut…