Tag: Middle East steel trade

China: Billet prices firm up d-o-d amid mild market recovery, cost pressures

Nov 6, 2025

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by

Anshuman

in Billet

Chinese billet prices rose RMB 30/t ($4/t) d-o-d to RMB 2,940/t ($413/t); SHFE Jan’26 rebar gained RMB 13/t ($2/t) to RMB 3,037/t ($427/t). The market turned mildly positive amid better capital flow and speculative buying. Mills lifted base prices as futures rebounded. Exports to the Middle East and Africa were stable, and a third round…