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Tag: rebar price decline

  • China: Billet prices drop by $3/t d-o-d as rebar underperforms

    China: Billet prices drop by $3/t d-o-d as rebar underperforms

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    by

    Anshuman
    in

    China’s billet prices slipped RMB 20/t ($3/t) d-o-d to RMB 2,930/t ($411/t), while SHFE Jan’26 rebar dropped by RMB 19/t ($3/t) to RMB 3,058/t ($429/t). Overall, the market was quiet. Billet prices fell amid weak rebar sales and subdued steel exports. Minor production cuts supported rates, with slight destocking following a 1% cut in mill…