Tag: weekly steel market update

China: Billet, rebar prices decline as market stays subdued

Jun 26, 2026

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by

Ramavath Mounika

in Melting Scrap

Soft export demand limits price recovery Rising steel inventories pressure sentiment Chinese billet prices declined by RMB 10/t ($1/t) d-o-d to RMB 2,970/t ($437/t), while SHFE rebar futures fell by RMB 14/t ($2/t) to RMB 3,144/t ($462/t) on 26 June 2026. Chinese billet export offers also eased by $2/t to around $463/t FOB, reflecting subdued…