Tag: steel export demand China

China: Billet and rebar futures climb amid rising raw materials and policy support

Feb 25, 2026

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by

Ramavath Mounika

in Billet, Semi Finished

Raw material prices move up alongside steel Better export bids gradually being accepted Chinese billet prices increased by RMB 30/t ($4/t) d-o-d to RMB 2,910/t ($424/t) on 25 February 2026. Meanwhile, SHFE rebar futures also strengthened, rising by RMB 35/t ($5/t) to RMB 3,088/t ($450/t). Post-holiday export demand picked up with better bids being accepted,…