Tag: China: Billet prices steady; SHFE rebar eases amid cautious futures sentiment

Chinese billet prices remained flat at RMB 2,930/t ($420/t) on 6 Jan 2026 compared with 5 Jan, while SHFE rebar declined by RMB 2/t ($0.28/t) to RMB 3,083/t ($441/t). Stable market sentiment and unchanged Baosteel February benchmark supported billet prices, limiting downside. Slight weakness in SHFE rebar reflected cautious futures trading despite strong raw material…