China: Billet prices stable d-o-d, cautious sentiment drags rebar futures lower

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by

Ramavath Mounika

in Billet, Semi Finished

Chinese billet prices remained stable d-o-d at RMB 2,980/t ($426/t) on 8 Jan’26, while SHFE rebar futures declined by RMB 23/t ($10/t) to RMB 3,131/t ($451/t).
Weak winter demand and rising social inventories capped spot billet prices, keeping the physical market stable despite minor adjustments.
SHFE rebar futures fell amid cautious sentiment, as the market awaits policy support and clearer demand recovery signals.

billet price China china billet prices china steel outlook China: Billet prices steady as weak demand drags rebar futures lower Chinese steel market Chinese Steel Prices Raw material costs rebar futures China rising social inventories SHFE rebar futures weak winter demand

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