- Chinese billet prices remained flat at RMB 2,930/t ($420/t) on 6 Jan 2026 compared with 5 Jan, while SHFE rebar declined by RMB 2/t ($0.28/t) to RMB 3,083/t ($441/t).
- Stable market sentiment and unchanged Baosteel February benchmark supported billet prices, limiting downside.
- Slight weakness in SHFE rebar reflected cautious futures trading despite strong raw material prices and improving export sentiment.
China: Billet prices steady; SHFE rebar eases amid cautious futures sentiment
Baosteel benchmark billet prices China Jan 2026 China billet market China steel export sentiment China steel futures China steel news China: Billet prices steady; SHFE rebar eases amid cautious futures sentiment Chinese billet prices Chinese steel market raw material prices China rebar futures SHFE SHFE rebar prices steel market update China
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