Billet Price in China Falls 0.9% to USD 454.92/tonne

Billet prices in China stood at USD 454.92/tonne as of 2026-10-01, down 0.9% from USD 458.84/tonne on 2026-09-24. The month change was -2.0% from USD 464.13/tonne on 2026-09-01. Over the quarter the price is up 2.5% from USD 443.86/tonne on 2026-07-03, and the year change stands at +6.5% from USD 426.99/tonne on 2025-10-01.

The 52-week high is USD 468.27/tonne, recorded on 2026-05-13, and the 52-week low is USD 418.20/tonne, recorded on 2025-10-16.

According to CHEMANALYST on 2026-10-01, Tangshan billet prices fell below 3,000 yuan/tonne on September 24 due to rigid supply and weakening downstream demand. CHEMANALYST also reported on 2026-09-03 that coke producers implemented multiple price hikes in August and September, increasing steelmaking costs and providing a floor for billet prices.

Inventories at Chinese steelmakers have been building. WORLD PORTS ORGANIZATION reported on 2026-09-30 that CISA data showed finished steel inventories at key enterprises reached 17.08 million tonnes by September 20, up 5.1% from August and 11.7% year-on-year. On the export side, SHANGHAI METALS MARKET reported on 2026-09-21 that China's steel billet exports increased by 4.81 million tonnes through August 2026, driven by demand from Indonesia and other ASEAN markets.