Tag: China: Billet prices steady as weak demand drags rebar futures lower

Chinese billet prices remained stable d-o-d at RMB 2,980/t ($426/t) on 8 Jan’26, while SHFE rebar futures declined by RMB 23/t ($10/t) to RMB 3,131/t ($451/t). Weak winter demand and rising social inventories capped spot billet prices, keeping the physical market stable despite minor adjustments. SHFE rebar futures fell amid cautious sentiment, as the market…