China: Billet prices inch down by $3/t d-o-d

  • Chinese billet prices slipped by RMB 20/t ($3/t) d-o-d, while SHFE Jan’26 rebar remained steady at RMB 3,106/t ($437/t).
  • Construction steel demand in China has trended downward through 2025, with traders expecting the weakness to extend into 2026.
  • However, the recent news of fresh infrastructure investments has lent some optimism, with buyers watching closely to see if this momentum sustains.

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