Tag: China: Billet prices stable and SHFE rebar futures inch higher

Chinese billet prices remained unchanged at RMB 2,970/t ($426/t) on 15 Jan ’26. Trading on the ground was slow, with winter dulling buying interest and supply largely balanced. Meanwhile, Shanghai Futures Exchange rebar futures ticked up by RMB 25/t ($4/t) to RMB 3,136/t ($450/t), helped by monetary support and steady exports–though weak raw material demand…