Tag: china steel demand

China: Billet prices edge up, rebar futures slip on weak demand

Jan 23, 2026

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by

Ramavath Mounika

in Billet, Semi Finished

Chinese billet prices rose RMB 10/t ($1/t) d-o-d to RMB 2,940/t ($422/t) on 23 Jan’26, while SHFE rebar futures declined RMB 11/t ($2/t) to RMB 3,092/t ($444/t). Improved sentiment and expectations of spring demand supported higher billet prices, while higher iron ore and coke costs strengthened mill confidence. Muted export demand, stable inventories, and pre-holiday…