- Chinese billet prices stayed unchanged at RMB 2,930/t ($419/t) on 1 Jan’26 in line with yesterday’s levels, while SHFE rebar also remained stable at RMB 3,103/t ($443/t).
- Trading activity was subdued during the New Year holidays and partial port closures. Stable raw material costs, sufficient liquidity, neutral export sentiment, and limited movement in rebar futures kept prices range-bound.
China: Billet and rebar prices remain unchanged d-o-d amid New Year lull
billet price China billet rebar price stability China billet market update China steel futures china steel market China: Billet and rebar prices steady d-o-d amid New Year lull Chinese billet prices Chinese steel prices January 2026 rebar futures SHFE SHFE rebar prices steel market New Year lull
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