Tag: scrap and raw materials

China: Billet prices, rebar futures dip on weak cost support

Apr 9, 2026

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by

Ramavath Mounika

in Billet, Semi Finished

Coke, iron ore prices continue to soften Outlook stays uncertain, sentiment cautious Chinese billet prices declined by RMB 20/t ($3/t) d-o-d to RMB 2,960/t ($433/t) on 9 Apr’26, while SHFE rebar futures fell by RMB 17/t ($2/t) to RMB 3,071/t ($449/t). The decline was driven by weaker cost support, as iron ore prices dropped by…