- Chinese billet prices edged up by RMB 50/t ($7/t) to RMB 2,980/t ($426/t) on 7 Jan 2026, compared with 6 Jan, while SHFE rebar futures rose sharply by RMB 71/t ($10/t) to RMB 3,154/t ($451/t).
- Strong gains in iron ore and limit-up moves in coking coal and coke pushed steelmaking costs higher.
- Mill price hikes, speculative buying, and higher export benchmarks lifted billet and rebar prices.
China: Billet and rebar gain as higher raw material costs lift market
billet and rebar prices billet price increase china steel market China steel news Chinese billet prices Chinese steel exports coke prices limit up Coking Coal Prices commodities market rally ferrous market update global steel market. HRC export benchmark Iron Ore Prices mill price hikes China rebar futures rally SHFE rebar futures steel price trends steelmaking cost support
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