Tag: billet price rise

China’s billet prices rose RMB 20/t ($3/t) to RMB 2,980/t ($420/t) d-o-d, while SHFE Jan’26 rebar increased RMB 12/t ($2/t) to RMB 3,112/t ($438/t). Market participants said recent production curbs mainly boosted futures sentiment, with limited impact on fundamentals as mills elsewhere may offset the shortfall. Sentiment strengthened modestly following the US-ASEAN Summit and signs…