Tag: billet market trends

Chinese billet prices dropped by RMB 40/t ($6/t) d-o-d to RMB 2,910/t ($408/t), while SHFE Jan’26 rebar slipped RMB 20/t ($3/t) to RMB 3,024/t ($424/t). The market remained weak but saw brief speculative buying, particularly in HRCs, amid lower inventories. Mills controlled allocations, offering slight support to local prices. Export offers were largely unchanged, while…