Tag: SHFE rebar futures decline on weak steel sentiment

China: Billet prices, SHFE rebar futures decline on weak steel sentiment

Jul 1, 2026

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by

Ramavath Mounika

in Billet, Semi Finished

Lower raw material prices put pressure on steel market EAF mills cut output amid persistent operating losses Chinese billet prices declined by RMB 20/t ($3/t) d-o-d to RMB 2,950/t ($434/t) on 1 July, while SHFE rebar futures fell by RMB 21/t ($3/t) to RMB 3,067/t ($451/t). The decline was driven by a weak start to…