China: Billet prices, rebar futures gain on firmer sentiment

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in Billet, Semi Finished

Chinese billet prices increased by RMB 20/t ($3/t) d-o-d to RMB 2,950/t ($425/t) on 29 Jan’26, while SHFE rebar futures edged higher by RMB 34/t ($5/t) to RMB 3,145/t ($453/t).
Chinese billet and rebar prices rose as firmer iron ore prices and higher rebar futures boosted market sentiment, while expectations of post-holiday restocking and stronger Mar’26 cargo interest supported prices despite subdued pre-holiday trading.

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