Tag: EAF production cuts

China: Billet steady, SHFE rebar rises on export strength ahead of holiday

Feb 11, 2026

—

by

Ramavath Mounika

in Billet, Semi Finished

Chinese billet prices were unchanged at RMB 2,900/t ($420/t) on 11 February 2026, while SHFE rebar futures rose by RMB 20/t ($3/t) to RMB 3,054/t ($442/t). Pre-holiday slowdown limited spot trading, with rising social inventories and 90% of EAF mills halting production, keeping billet prices stable despite firmer sentiment. Active HRC exports, RMB appreciation, and…