Tag: raw material prices steel

China: Billet prices stable, rebar dips on cautious sentiment

Apr 8, 2026

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by

Ramavath Mounika

in Billet, Semi Finished

Falling oil prices pressure raw material costs Stable spot market limits billet price movement Chinese billet prices remained stable d-o-d at RMB 2,980/t ($436/t) on 8 April, supported by steady spot market conditions and improved rebar trading volumes of around 100,000 t. A stronger RMB against the US dollar and firm export sentiment helped maintain…