Tag: pre-Lunar New Year steel demand

China: Billet prices slip, SHFE rebar falls on weak sentiment and softer costs

Feb 6, 2026

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by

Pranjaly

in Billet, Semi Finished

Chinese billet prices fell by RMB 20/t ($3/t) to RMB 2,910/t ($419/t) on 6 Feb 2026, while SHFE rebar futures declined by RMB 26/t ($4/t) to RMB 3,069/t ($442/t). Sentiment weakened amid pre-holiday caution, buyer resistance, and thin liquidity, exerting downward pressure on both billet and rebar futures. Decline in iron ore prices eroded cost…