Tag: China: Billet and rebar prices record modest gains

Billet prices in Tangshan rose RMB 20/t ($3/t) from last closing (Friday) to RMB 3,030/t ($426/t), while SHFE Jan’26 rebar edged up by RMB 9/t ($1/t) to RMB 3,136/t ($440/t). Sentiment improved on expectations of policy support, but fundamentals remain weak. Mills keep output high and inventories are climbing. HRC and CRC saw better demand…