- China’s billet prices remained stable d-o-d at RMB 2,920/t ($410/t), while SHFE Jan’26 rebar inched up RMB 15/t ($2/t) to RMB 3,049/t ($428/t).
- Market sentiment was weak and largely unchanged amid demand concerns and a winter slowdown. A congestion at Tianjin Port (around 30 days) delayed shipments. Iron ore prices were steady, while coking coal rose, strengthening coke tags and narrowing steel margins.
China: Billet prices remain stable d-o-d amid weak sentiment, winter slowdown
billet market update china billet prices china steel outlook China: Billet prices remain stable d-o-d amid weak sentiment and winter slowdown Chinese steel demand Chinese steel market coke market Coking Coal Prices Iron Ore Prices rebar futures SHFE rebar steel margins steel trading activity Tianjin port congestion winter slowdown
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