Tag: China: Billet prices stable d-o-d as early-autumn demand remains weak

Chinese billet prices stayed flat at RMB 2,990/t ($420/t), while SHFE Jan’26 rebar fell RMB 17/t ($2/t) to RMB 3,092/t ($434/t). Billet demand was weak in early autumn, with inventories climbing for 7 weeks. CRC saw some activity, but longs stayed sluggish. Exports were limited to the Middle East and Vietnam. Iron ore slipped, while…