Tag: CRC HRC price spread

Chinese billet prices soften as raw material sentiment weakens

Oct 14, 2026

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by

Rahul Kumar Sahu

in Semi Finished

Sluggish domestic demand weighs on prices Softer iron ore prices pressure raw materials Chinese billet prices declined by RMB 10/t ($2/t) d-o-d to RMB 2,950/t ($441/t), while SHFE rebar futures rose by RMB 16/t ($2/t) to RMB 3,073/t ($459/t). Meanwhile, billet export offers increased by $1/t d-o-d to $461/t FOB. Sluggish domestic steel consumption and…