China: Steel billet prices inch up by $1/t despite cautious activity ahead of year-end
- Chinese billet prices edged up by RMB 10/t ($1/t) to RMB 2,960/t ($421/t) on 22 Dec’25 from 19 Dec, while SHFE rebar slipped marginally by RMB 1/t ($0.1/t) to RMB 3,075/t ($437/t).
- Raw material prices saw limited movement, and the market remained quiet at the start of the week, with most participants adopting a wait-and-watch approach ahead of the year-end.
