Tag: China: Billet prices steady d-o-d on balanced demand firm exports

Billet prices in Tangshan were at RMB 3,060/t ($430/t), with SHFE Jan’26 rebar contract rising by RMB 3,168/t ($446/t). The market stays balanced on steady sales and holiday stocking, while strong BF margins support raw material buying despite high iron ore –above RMB 800/t($113/t). Exports remain firm amid logistics issues, with sentiment cautious ahead of…