Tag: China: Billet prices steady; SHFE rebar edges up amid holiday lull

Chinese billet prices stayed unchanged d-o-d at RMB 2,920/t ($421/t) on 3 Feb’26, while SHFE rebar futures edged up by RMB 3/t ($0.43/t) to RMB 3,090/t ($445/t). Pre-holiday sentiment curtailed spot activity, but limited arrivals and mills adjusting production plans supported prices. Meanwhile, rising iron ore and coke costs, along with firmer export prices aided…