Tag: China: Billet prices rise slightly w-o-w; market witnesses weak demand amid sluggish exports

In Tangshan, China, billet prices rose slightly by RMB 10/t ($1/t) d-o-d to RMB 2,970/t ($417/t), while SHFE Jan’26 rebar inched up RMB 2/t ($0.3/t) to RMB 3,103/t ($436/t). The market stayed stable as weak demand and high inventories pressured sentiment. Mills cut output. Export activity remained slow, with northern port congestion, and a $5/t…