Tag: pre-CNY steel market

China: Billet prices remain stable, cautious sentiment weighs on rebar futures

Jan 14, 2026

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by

Ramavath Mounika

in Billet, Semi Finished

Chinese billet prices remained stable d-o-d at RMB 2,970/t ($426/t) on 14 Jan’26, while SHFE rebar futures declined by RMB 3/t ($0.43/t) to RMB 3,111/t ($446/t). Mills controlled supply amid weak trade, keeping billet prices stable despite cautious sentiment. Futures softened due to a lack of fresh demand catalysts and cautious activity before the Chinese…