Tag: China: Billet prices rise d-o-d on strong raw material support

Billet prices in Tangshan, China, rose RMB 30/t ($4/t) d-o-d to RMB 3,060/t ($430/t), with SHFE Jan’26 rebar up RMB 30/t ($4/t) to RMB 3,166/t ($445/t). Iron ore and coke prices strengthened by RMB 10-12/t ($2/t), supporting billet tags. Domestic rebar demand also improved, exceeding 100,000 t/day. A Sino-US trade deal may further support demand.