Tag: China: Billet prices hold steady d-o-d; steel market stays weak amid high inventories

Billet prices in Tangshan, China, held steady d-o-d at RMB 3,000/t ($421/t), while SHFE Jan’26 rebar slipped RMB 9/t ($1/t) to RMB 3,123/t ($439/t). Steel demand remained weak, with inventories at a six-week high. Export sales steadied after some HRC deals, though mill allocations were tight. Iron ore stayed strong above RMB 800/t ($112/t) on…