Tag: New Year holiday impact

China: Billet, rebar prices hold steady d-o-d on port closures during New Year holiday

Jan 2, 2026

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by

Ramavath Mounika

in Billet, Semi Finished

Chinese billet prices remained unchanged d-o-d at RMB 2,930/t ($419/t) on 2 Jan’26, while SHFE rebar also remained stable at RMB 3,103/t ($443/t). Market activity was muted as China observed the New Year holiday over 1-4 Jan’26, with ports and commercial operations largely closed. Normal trading and logistics are expected to resume from 5 Jan’26.