- Chinese billet prices remained unchanged d-o-d at RMB 2,930/t ($419/t) on 2 Jan’26, while SHFE rebar also remained stable at RMB 3,103/t ($443/t).
- Market activity was muted as China observed the New Year holiday over 1-4 Jan’26, with ports and commercial operations largely closed. Normal trading and logistics are expected to resume from 5 Jan’26.
China: Billet, rebar prices hold steady d-o-d on port closures during New Year holiday
billet price stability China Billet china billet prices China port closures china steel market China steel trade Chinese billet rates January steel prices New Year holiday impact rebar futures China Rebar price stability rebar prices steady d-o-d amid New Year port closures SHFE rebar prices steel market update China
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