China: Billet, rebar prices gain $4/t d-o-d on restocking, stronger raw material prices

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Billet prices in Tangshan rose by RMB 30/t ($4/t) to RMB 2,990/t ($419/t) after holding steady at RMB 2,960/t ($415/t), while SHFE Jan’26 rebar gained RMB 26/t ($4/t) to RMB 3,143/t ($440/t).
Post-holiday restocking, stronger coking coal, and policy rumours lifted sentiment, with billets up RMB 30-50/t.
Exports improved slightly, but rising inventories and firm flat output keep September demand uncertain

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