- Chinese billet prices remained stable d-o-d at RMB 2,970/t ($426/t) on 13 Jan’26, while SHFE rebar futures declined by RMB 1/t ($0.14/t) to RMB 3,114/t ($446/t).
- Weak winter demand, slightly higher mill output, and rising inventories kept billet prices stagnant d-o-d.
- Cautious futures sentiment and softer iron ore prices led to a marginal decline in SHFE rebar futures despite stable export conditions.
China: Billet prices remain stable, cautious sentiment pulls rebar futures down
billet price stable cautious sentiment pulls rebar down china billet prices China steel prices January 2026 China: Billet stable China: Billet stable and cautious sentiment pulls rebar down Chinese steel news Iron Ore Prices rebar futures decline SHFE rebar futures steel market China steel market update winter demand steel
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