Tag: rebar prices decline amid weak PMI

China: Billet, rebar prices decline on weak manufacturing sentiment, sluggish demand

Jul 31, 2026

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by

Ramavath Mounika

in Billet, Semi Finished

Billet export offers decline on poor demand China’s manufacturing PMI drops below 50 in July Chinese billet prices declined by RMB 10/t ($2/t) d-o-d to RMB 2,920/t ($432/t) on 31 July, while SHFE rebar futures fell by RMB 10/t ($2/t) to RMB 3,004/t ($445/t). Chinese billet export offers also decreased by $4/t d-o-d to around…