Tag: global steel market.

China: Billet and rebar gain as higher raw material costs lift market

Jan 7, 2026

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by

Ramavath Mounika

in Billet, Semi Finished

Chinese billet prices edged up by RMB 50/t ($7/t) to RMB 2,980/t ($426/t) on 7 Jan 2026, compared with 6 Jan, while SHFE rebar futures rose sharply by RMB 71/t ($10/t) to RMB 3,154/t ($451/t). Strong gains in iron ore and limit-up moves in coking coal and coke pushed steelmaking costs higher. Mill price hikes,…