Tag: China: Billet prices inch down by $1/t d-o-d

Chinese billet prices dipped by RMB 10/t ($1/t) d-o-d to RMB 2,930/t ($412/t), while SHFE Jan’26 rebar futures slipped by RMB 19/t ($3/t) to RMB 3,025/t ($425/t). The market was sluggish amid weak demand and reduced output. Iron ore held steady, while coke prices fell on tight supply. With limited policy cues, mills are gradually cutting…