Tag: China: Billet prices edge up on cost support and SHFE rebar firms ahead of holiday

Chinese billet prices inched up by RMB 10/t ($1.4/t) d-o-d to RMB 2,930/t ($422/t) on 4 Feb’26, while SHFE rebar futures edged higher by RMB 7/t ($1/t) to RMB 3,097/t ($446/t). Rising iron ore and coke prices provided cost-push support. Pre-holiday mill cutbacks and fewer spot arrivals tightened supply, lifting sentiment and nudging billet prices…