SteelMint

Tag: iron and steel market China

  • China: Billet prices hold steady d-o-d amid cautious market sentiment

    China: Billet prices hold steady d-o-d amid cautious market sentiment

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    by

    Prerana Rout
    in

    Chinese billet prices held steady d-o-d at 2,980/t ($419/t). SHFE Jan’26 rebar dipped slightly by RMB 7/t ($1/t) to 3,090/t ($435/t). Market sentiment softened as participants digested yesterday’s gains, with mills cautious amid weak winter demand and no strong policy support. Environmental checks and increased mill maintenance are expected to curb supply, although demand looks…