Tag: China: Billet and rebar prices steady d-o-d amid New Year lull

Chinese billet prices stayed unchanged at RMB 2,930/t ($419/t) on 1 Jan’26 in line with yesterday’s levels, while SHFE rebar also remained stable at RMB 3,103/t ($443/t). Trading activity was subdued during the New Year holidays and partial port closures. Stable raw material costs, sufficient liquidity, neutral export sentiment, and limited movement in rebar futures…