Tag: Chinese steel news
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China: Billet prices remain stable, cautious sentiment pulls rebar futures down
Chinese billet prices remained stable d-o-d at RMB 2,970/t ($426/t) on 13 Jan’26, while SHFE rebar futures declined by RMB 1/t ($0.14/t) to RMB 3,114/t ($446/t). Weak winter demand, slightly higher mill output, and rising inventories kept billet prices stagnant d-o-d. Cautious futures sentiment and softer iron ore prices led to a marginal decline in…