- In Tangshan, China, billet prices rose slightly by RMB 10/t ($1/t) d-o-d to RMB 2,970/t ($417/t), while SHFE Jan’26 rebar inched up RMB 2/t ($0.3/t) to RMB 3,103/t ($436/t).
- The market stayed stable as weak demand and high inventories pressured sentiment. Mills cut output.
- Export activity remained slow, with northern port congestion, and a $5/t cut was offered to attract buyers.
China: Billet prices rise slightly w-o-w; market witnesses weak demand amid sluggish exports
billet and rebar trends china billet prices china steel demand China steel export China steel prices China: Billet prices rise slightly w-o-w; market witnesses weak demand amid sluggish exports chinese billet market Chinese export offers chinese steel inventory Chinese steel mills northern port congestion SHFE rebar Jan’26 steel market update China Tangshan billet update Tangshan rebar prices tangshan steel market
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