Tag: weekly China steel recap
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China: Billet prices remain steady d-o-d as firm raw material costs offset weak demand
Positive policy expectations support market sentiment SHFE rebar prices fall $4/t as market remains quiet Chinese billet prices were unchanged d-o-d at RMB 2,910/t ($424/t) on 27 February 2026, as positive policy expectations ahead of March’s Two Sessions and firm raw material costs balanced muted physical demand. Tight local allocation and steady billet offers also…