Tag: steel futures sentiment

China: Billet prices, rebar futures dip on cautious sentiment

Jan 30, 2026

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by

Ramavath Mounika

in Billet, Semi Finished

Chinese billet prices dropped RMB 10/t ($1/t) d-o-d to RMB 2,940/t ($423/t) on 30 Jan’26, while SHFE rebar futures declined by RMB 33/t ($5/t) to RMB 3,112/t ($448/t). Billet and rebar prices declined as rapid futures-led gains prompted buyer caution, slowing spot trade despite policy optimism and higher iron ore prices, with downstream demand remaining…