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

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…