- Chinese billet prices stayed unchanged d-o-d at RMB 2,920/t ($421/t) on 3 Feb’26, while SHFE rebar futures edged up by RMB 3/t ($0.43/t) to RMB 3,090/t ($445/t).
- Pre-holiday sentiment curtailed spot activity, but limited arrivals and mills adjusting production plans supported prices.
- Meanwhile, rising iron ore and coke costs, along with firmer export prices aided by exchange rates, helped offset weak domestic demand, preventing sharper downside ahead of the holiday lull.
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