Tag: Chinese mills production cuts

Chinese billet prices were steady d-o-d at RMB 2,950/t ($414/t), while SHFE Jan’26 rebar fell RMB 35/t ($5/t) to RMB 3,044/t ($427/t). Market sentiment weakened amid the “winter mood,” with traders expecting further downside. High inventories and weak futures continued to pressure prices. Mills may need deeper output cuts to restore balance, while southern mills…