Tag: China: Billet prices steady amid weak demand

Chinese billet prices remained unchanged d-o-d at RMB 2,930/t ($422/t) on 28 January 2026, while SHFE rebar futures edged up by RMB 1/t ($0.14/t) to RMB 3,111/t ($448/t). Weak domestic demand, especially for long products, kept trading activity subdued, limiting price support and resulting in stagnant billet prices. Stable exports and cautious sentiment ahead of…