Tag: China: Billet prices down $3/t d-o-d; finished steel faces inventory pressure

Billet prices in Tangshan fell by RMB 20/t ($3/t) to RMB 3,040/t ($428/t), while SHFE Jan’26 rebar slipped by RMB 21/t ($3/t) to RMB 3,147/t ($443/t). The 0.25% Fed rate cut met expectations, prompting mild reactions. Soft demand and high inventories weigh on Chinese steel, though cost support limits sharp declines. Macroeconomic conditions and the…