- China’s billet prices rose RMB 20/t ($3/t) to RMB 2,950/t ($414/t) from last Friday, while SHFE Jan’26 rebar gained RMB 40/t ($6/t) to RMB 3,077/t ($432/t).
- Mills have cut liquid iron output and plan blast furnace overhauls, with local steel prices up nearly RMB 10/t.
- Exports held steady, while coke and iron ore firmed up on supply concerns.
China: Steel billet prices edge up amid production cuts, supply concerns
blast furnace maintenance China china billet prices China steel trends China: Steel billet prices edge up amid production cuts and supply concerns Chinese mill output Chinese steel market Coke market china Iron ore prices China SHFE rebar January 2026 steel exports China steel price update China
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