Tag: CNY impact steel market

Chinese billet prices remained unchanged d-o-d at RMB 2,930/t ($420/t) on 22 Jan’26, while SHFE rebar futures rose by RMB 7/t ($1/t) to RMB 3,103/t ($445/t). Weak domestic demand and high inventories, along with upcoming CNY holidays, limited market. Stagnant exports sentiment and cautious buying, despite rising raw material costs, restrained stronger price movements in…