China: Steel billet prices edge up by RMB 10/t ($1/t) d-o-d

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Billet prices in Tangshan inched up by RMB 10/t ($1/t) d-o-d to RMB 2,960/t ($415/t), while SHFE Jan’26 rebar rose RMB 72/t ($10/t) to RMB 3,117/t ($437/t).
The billet market was range-bound amid weak rebar trade and high steel output and inventories.
Export demand slowed in Southeast Asia and Africa but remained firm in South Asia.
Iron ore stayed supported, while coke remained volatile.

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