Tag: China: Billet prices slip $4/t d-o-d as market turns cautious ahead of Golden Week

In Tangshan, China, billet prices slipped RMB 30/t ($4/t) d-o-d to RMB 2,950/t ($414/t), while SHFE Jan’26 rebar fell RMB 25/t ($4/t) d-o-d to RMB 3,072/t ($431/t). With the Golden Week approaching, the market turned cautious, with trade expected to slow further. This, along with falling raw material costs and speculation regarding tariffs on cheap…