- Chinese billet prices declined by RMB 20/t ($3/t) as compared to 16 January (Friday) to RMB 2,950/t ($424/t) on 19 Jan’26, pressured by weak demand, adverse weather, and falling raw material prices.
- SHFE rebar prices eased to RMB 3,117/t ($448/t), down by RMB 24/t ($3/t) as sluggish spot activity, a widening flat-rebar spread, and softer billet and coke markets outweighed limited cost support.
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