China: Billet prices steady d-o-d on balanced demand, firm exports

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Billet prices in Tangshan were at RMB 3,060/t ($430/t), with SHFE Jan’26 rebar contract rising by RMB 3,168/t ($446/t).
The market stays balanced on steady sales and holiday stocking, while strong BF margins support raw material buying despite high iron ore –above RMB 800/t($113/t).
Exports remain firm amid logistics issues, with sentiment cautious ahead of the US Fed’s expected 50 bps cut.

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