- Chinese billet prices held steady at RMB 2,930/t ($413/t), while SHFE Jan’26 rebar futures inched up by RMB 8/t ($1/t) to RMB 3,046/t ($429/t).
- Prices were stagnant amid sluggish demand and a stronger currency. However, liquidity improved.
- Raw material costs remained stable, and mills are expected to shorten stocking periods before the Lunar New Year, keeping market activity subdued.
China: Billet prices hold steady d-o-d amid currency appreciation, sluggish demand
billet market news China China billet and rebar prices China billet liquidity trends china billet prices China steel demand outlook Chinese billet export trends Chinese mills production cuts Chinese steel market update Lunar New Year steel demand raw material costs China steel SHFE rebar futures steel market sentiment China
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