Tag: steel export index

China: Billet steady, SHFE rebar slips on pre-holiday weakness

Feb 9, 2026

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by

Ramavath Mounika

in Billet, Semi Finished

Chinese billet prices were unchanged at RMB 2,910/t ($420/t) on 9 Feb 2026, while SHFE rebar futures edged down RMB 9/t ($1/t) to RMB 3,060/t ($442/t). Pre-holiday slowdown, rising inventories, slowing mill operation, pressured futures sentiment, while spot billet prices held steady amid thin trade. Weak domestic demand and falling raw material prices weighed on…