Tag: Chinese steel holiday trend

China: Billet steady, SHFE rebar edges higher on export support pre-holiday

Feb 12, 2026

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by

Ramavath Mounika

in Billet, Semi Finished

Chinese billet prices remained unchanged at RMB 2,900/t ($420/t) on 12 February 2026, while SHFE rebar futures increased by RMB 10/t ($1/t) to RMB 3,064/t ($444/t). Slower pre-holiday trading and higher social inventories kept the physical market quiet, supporting stable billet levels. Meanwhile, active HRC exports, a stronger RMB, and firm mill offers with tighter…