China: Billet prices steady; rebar futures rise on firm costs

Chinese billet prices remained unchanged at RMB 2,970/t ($435/t) on 15 April '26, while SHFE rebar futures edged up by RMB 4/t ($1/t) to RMB 3,073/t ($451/t). Current billet export prices were heard at around $460/t FOB China.

Stability in billet prices was driven by balanced market conditions, while rebar futures saw a slight uptick supported by firmer raw material costs along with stable market sentiment.