Tag: China: Billet prices hold steady as pre-holiday restocking lifts sentiment

Billet prices in Tangshan held steady d-o-d at RMB 3,030/t ($425/t), while SHFE Jan’26 rebar inched up by RMB 3/t ($0.5/t) to RMB 3,167/t ($444/t). Ahead of the long Golden Week holiday, China’s steel market firmed, as restocking trimmed social inventory after eight weeks. Futures rose slightly, but mills stayed cautious with limited bookings, while…