Tag: steel market sentiment China

China: Billet tags edge higher d-o-d despite sluggish demand, supported by supply tightening

Nov 14, 2025

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by

Prerana Rout

in Billet, Semi Finished

Chinese billet prices rose RMB 20/t ($3/t) d-o-d to RMB 2,950/t ($416/t); SHFE Jan’26 rebar gained RMB 7/t ($1/t) to RMB 3,053/t ($430/t). Stronger cost support from iron ore and coke has improved mill sentiment, giving billet prices upward momentum despite slow end-user demand. Reduced hot-metal output from production cuts has tightened billet availability, allowing…