Tag: Middle East steel exports

China: Billet, rebar prices edge lower on weak demand, easing raw material costs

Jul 21, 2026

—

by

Ramavath Mounika

in Billet, Semi Finished

Weak steel demand pressured domestic billet prices Expected coke price cuts reduced production costs Chinese billet prices declined by RMB 20/t ($3/t) d-o-d to RMB 2,960/t ($437/t) on 21 July, while SHFE rebar futures edged down by RMB 1/t ($0.14/t) to RMB 3,095/t ($457/t), reflecting weak steel demand and easing raw material costs. Chinese billet…