- Chinese billet prices remained firm at RMB 2,940/t ($413/t) as compared to 7 Nov’25, while SHFE Jan’26 rebar rose slightly by RMB 14/t ($2/t) to RMB 3,044/t ($428/t).
- High raw material inventories and delayed mill purchases reflected weak sentiment, with simultaneous declines in output and demand reducing restocking interest. The market remained soft with brief, speculative upticks.
Leave a Reply