Tag: October 2026 steel market

China: Billet prices fall as weak domestic demand offsets firm export offers

Oct 22, 2026

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by

Rahul Kumar Sahu

in Semi Finished

Weak real estate demand continues to weigh on consumption Elevated raw material costs, low inventories limit further downside Chinese billet prices declined by RMB 10/t ($1) d-o-d to RMB 2,930/t ($439) from RMB 2,940/t ($440), amid weak domestic demand. Potential capacity cuts and low inventories provided some support to domestic steel prices, despite sluggish end-user…