Tag: China: Billet prices steady d-o-d and SHFE rebar futures edge higher

China: Billet prices hold steady d-o-d, SHFE rebar futures edge higher

Jan 16, 2026

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by

Ramavath Mounika

in Billet, Semi Finished

Chinese billet prices stayed unchanged d-o-d at RMB 2,970/t ($426/t) on 16 Jan’26, supported by disciplined mill supply and improved speculative buying, which lifted daily trade volumes. Meanwhile, SHFE rebar futures rose by RMB 5/t ($0.71/) to RMB 3,141/t ($451/t), driven by stronger export sentiment, higher offers from northern mills, and supportive policy expectations, despite…