Tag: Chinese steel market update

Chinese billet prices held steady at RMB 2,930/t ($413/t), while SHFE Jan’26 rebar futures inched up by RMB 8/t ($1/t) to RMB 3,046/t ($429/t). Prices were stagnant amid sluggish demand and a stronger currency. However, liquidity improved. Raw material costs remained stable, and mills are expected to shorten stocking periods before the Lunar New Year,…