Tag: Chinese steel market March 2026

China: Billet prices remain stable as slow demand recovery offsets firm raw material costs

Mar 3, 2026

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by

Ramavath Mounika

in Billet, Semi Finished

Lantern Festival ends, demand recovery awaited SHFE rebar futures steady amid cautious sentiment Chinese billet prices were unchanged d-o-d at RMB 2,910/tonne (t) ($422/t) on 3 March 2026, as post-Lunar New Year demand recovery remained gradual, even after the Lantern Festival. Daily rebar trades stayed below 50,000 t, while rising social inventories capped spot momentum.…