- Billet prices in Tangshan fell RMB 20/t ($3/t) to RMB 3,040/t ($427/t), while SHFE Jan’26 rebar slipped RMB 30/t ($4/t) to RMB 3,155/t ($444/t).
- The Chinese market stayed weak on demand concerns, unresolved inventories, and cautious buying ahead of holidays.
- Exports remained dull with mills keeping base offers steady.
- Rising iron ore stocks and sluggish coke prices adding pressure to market sentiment.
China: Billet prices down $3/t as weak demand, high inventories weigh on sentiment
china steel market china steel outlook China: Billet prices down $3/t as weak demand and high inventories weigh on sentiment Chinese billet prices Chinese market weak Chinese rebar prices coke prices China holiday impact steel China iron ore stocks China SHFE rebar prices steel demand China steel exports China steel market pressure China steel price update China Tangshan Billet Prices tangshan steel market
Leave a Reply