Tag: Chinese steel outlook
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China: Billet prices rise $1/t as steel plan boosts market sentiment
Billet prices in Tangshan rose RMB 10/t ($1/t) from last close (Friday) to RMB 3,060/t ($430/t); SHFE Jan’26 rebar moved up by RMB 13/t ($2/t) to RMB 3,185/t ($448/t). Market sentiment improved after China’s 2025-26 steel plan emphasised volume control, though demand remains sluggish. Exports strengthened as the southern mills lifted offers by $15/t. Raw…