Tag: China: Billet prices down $3/t as weak demand and high inventories weigh on sentiment

Billet prices in Tangshan fell RMB 20/t ($3/t) to RMB 3,040/t ($427/t), while SHFE Jan’26 rebar slipped RMB 30/t ($4/t) to RMB 3,155/t ($444/t). The Chinese market stayed weak on demand concerns, unresolved inventories, and cautious buying ahead of holidays. Exports remained dull with mills keeping base offers steady. Rising iron ore stocks and sluggish…