- Chinese billet prices were steady d-o-d at RMB 2,950/t ($414/t), while SHFE Jan’26 rebar fell RMB 35/t ($5/t) to RMB 3,044/t ($427/t).
- Market sentiment weakened amid the “winter mood,” with traders expecting further downside. High inventories and weak futures continued to pressure prices.
- Mills may need deeper output cuts to restore balance, while southern mills trimmed export offers by $5-10/t to attract cautious buyers.
China: Billet prices remain flat d-o-d; demand cools amid winter sentiment
billet price China china steel outlook China: Billet prices remain flat d-o-d; demand cools amid winter sentiment chinese billet market Chinese mills production cuts Chinese rebar prices Chinese Steel Prices SHFE rebar futures steel export offers China steel inventory pressure steel market sentiment China winter steel demand China
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