Tag: China: Billet prices steady amid stable liquidity

Chinese billet prices remained stable d-o-d at RMB 2,930/t ($421/t) on 21 Jan’26, while SHFE rebar futures rose by RMB 6/t ($1/t) to RMB 3,096/t ($445/t). Mills and traders kept prices competitive to protect margins, with steady pre-Lunar New Year liquidity supporting billet prices. Range-bound exports and weak buying limited price moves, while controlled supply…