Tag: tighter supply

China: Billet prices rise on cost pressure, tighter supply

Nov 17, 2025

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by

Ramavath Mounika

in Billet

Chinese billet prices rose RMB 30/t ($4/t) to 2,980/t ($419/t) against 14 Nov, while SHFE Jan’26 rebar gained RMB 44/t ($6/t) to 3,097/t ($436/t). Tight supply and firm costs supported the rise, with flat and long steel rising. Iron ore and coke shortages prompted a fourth-round price hike, lifting port prices by RMB 10/t ($1/t).…