- Billet prices in Tangshan rose RMB 10/t ($1/t) from last close (Friday) to RMB 3,060/t ($430/t); SHFE Jan’26 rebar moved up by RMB 13/t ($2/t) to RMB 3,185/t ($448/t).
- Market sentiment improved after China’s 2025-26 steel plan emphasised volume control, though demand remains sluggish.
- Exports strengthened as the southern mills lifted offers by $15/t. Raw materials prices remain under pressure.
China: Billet prices rise $1/t as steel plan boosts market sentiment
china steel market China: Billet prices rise $1/t as steel plan boosts market sentiment Chinese Billet Chinese steel outlook Raw material costs Rebar prices china SHFE rebar southern mills steel steel demand China steel exports China steel market update steel price trends steel production China Tangshan Billet Prices Tangshan steel
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