Tag: China ferrous market update

Chinese billet prices held steady d-o-d at 2,980/t ($419/t). SHFE Jan’26 rebar dipped slightly by RMB 7/t ($1/t) to 3,090/t ($435/t). Market sentiment softened as participants digested yesterday’s gains, with mills cautious amid weak winter demand and no strong policy support. Environmental checks and increased mill maintenance are expected to curb supply, although demand looks…