Tag: daily steel prices China

China: Billet price slips as weak demand and margin pressure weigh on mills

Nov 19, 2025

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by

Prerana Rout

in Billet

Chinese billet prices slipped by RMB 10/t ($1/t) to RMB 2,970/t ($418/t), while SHFE Jan’26 rebar futures fell by RMB 31/t ($4/t) to RMB 3,059/t ($430/t). The market remains directionless, with weak demand, steady billet indices, mixed raw material trends, and limited export interest. Mills show little intent to cut output, keeping sentiment cautious as…