Tag: steel futures market

China: Billet, rebar futures weaken as softer raw materials pressure sentiment

May 12, 2026

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by

Ramavath Mounika

in Billet, Semi Finished

Iron ore port prices fall on weak demand Mills maintain firm billet export offers Chinese billet prices decreased by RMB 20/t ($3/t) d-o-d to RMB 3,100/t ($456/t) on 12 May, while rebar futures also declined by RMB 27/t ($4/t) to RMB 3,180/t ($468/t) amid weaker steel futures, softer physical market sentiment, and declining raw material…