Tag: China: Billet steady; SHFE rebar slips amid pre-holiday lull

Chinese billet prices held steady d-o-d at RMB 2,900/t ($420/t) on 13 Feb’26, while SHFE rebar futures slipped by RMB 5/t ($1/t) to RMB 3,059/t ($443/t). A pre-Lunar New Year holiday slowdown reduced spot trade, while social inventories continued to rise. Consequently, billet prices were stable over the past 3-4 days. Widespread EAF production halts…