Tag: iron ore spot prices China

Steel margins tighten, dampening buying sentiment Billet prices fall after holiday resumption Chinese billet prices fell by RMB 20/t ($3/t) d-o-d to RMB 2,880/t on 24 Feb 2026, while SHFE rebar futures slipped by RMB 6/t ($1/t) to RMB 3,053/t. The decline followed post-holiday market resumption, as mills gradually restarted operations, pressuring finished steel prices.…