Tag: short-term steel forecast

China: Billet prices inch up d-o-d; mills remain under pressure amid weak exports

Oct 17, 2025

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by

Anshuman

in Billet

China’s billet prices rose slightly by RMB 10/t ($1/t) to RMB 2,930/t ($411/t), while SHFE Jan’26 rebar slipped by RMB 12/t ($2/t) to RMB 3,037/t ($426/t). Mills remain under pressure, with some seeking fixed prices to curb losses. Trading stayed weak, and prices may fluctuate within a narrow range of RMB 40-50/t next week. Exports…