Tag: China: Billet prices decline amid weak sentiment

Chinese billet prices fell by RMB 30/t ($4/t) to RMB 2,950/t ($414/t) as compared to 31 Oct’25, while SHFE Jan’26 rebar dropped RMB 27/t ($4/t) to RMB 3,079/t ($432/t). Despite positive cues such as the Sino-US agreement and China’s new five-year plan, sentiment weakened as mills’ profits slipped below 50% –the lowest in a year.…