Tag: China: Billet prices remain stable as slow demand recovery offsets firm raw material costs

Lantern Festival ends, demand recovery awaited SHFE rebar futures steady amid cautious sentiment Chinese billet prices were unchanged d-o-d at RMB 2,910/tonne (t) ($422/t) on 3 March 2026, as post-Lunar New Year demand recovery remained gradual, even after the Lantern Festival. Daily rebar trades stayed below 50,000 t, while rising social inventories capped spot momentum.…