- Chinese billet prices fell by $10/t ($1/t) d-o-d to RMB 2,970/t ($425/t) on 9 Jan’26, while SHFE rebar futures dropped by RMB 23/t ($3/t) to RMB 3,108/t ($445/t).
- Weak domestic demand and rising inventories capped billet prices, while export disruptions, logistics issues, and coke-related cost concerns dampened market sentiment, pushing SHFE rebar futures lower despite stable market conditions.
China: Billet prices, SHFE rebar futures edge lower d-o-d
Billet Prices China China: Billet and rebar prices slide on weak demand China: Billet prices and SHFE rebar futures edge lower d-o-d Chinese market update Chinese steel coke costs Domestic demand export disruptions market sentiment Rebar Prices SHFE rebar Steel futures Steel Industry Steel inventory steel market China Steel Production
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