Tag: China steel market update

Chinese billet prices slipped by RMB 20/t ($3/t) d-o-d to RMB 2,920/t ($421/t) on 2 Feb’26, while SHFE rebar futures fell by RMB 25/t ($4/t) to RMB 3,087/t ($445/t). Physical steel demand weakened amid a broad commodity sell-off, with risk-off sentiment cooling spot trading and shrinking supply-demand activity, pressuring billet prices. Rebar futures fell on…