Tag: hot metal production China
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China: Billet prices gain on firm raw material costs, supply cuts
China’s billet prices rose RMB 30/t ($4/t) to RMB 2,960/t ($416/t) from last Friday, while SHFE Jan’26 rebar increased RMB 42/t ($6/t) to RMB 3,100/t ($436/t). Export activity was steady, and raw material prices, including coke and iron ore, firmed on supply concerns. Mills trimmed hot metal output and scheduled blast furnace maintenance, while local…