Tag: Lunar New Year steel demand

China: Billet prices hold steady d-o-d amid currency appreciation, sluggish demand

Nov 13, 2025

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by

Prerana Rout

in Semi Finished

Chinese billet prices held steady at RMB 2,930/t ($413/t), while SHFE Jan’26 rebar futures inched up by RMB 8/t ($1/t) to RMB 3,046/t ($429/t). Prices were stagnant amid sluggish demand and a stronger currency. However, liquidity improved. Raw material costs remained stable, and mills are expected to shorten stocking periods before the Lunar New Year,…