Tag: steel market New Year lull

China: Billet and rebar prices remain unchanged d-o-d amid New Year lull

Jan 1, 2026

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by

Ramavath Mounika

in Billet, Semi Finished

Chinese billet prices stayed unchanged at RMB 2,930/t ($419/t) on 1 Jan’26 in line with yesterday’s levels, while SHFE rebar also remained stable at RMB 3,103/t ($443/t). Trading activity was subdued during the New Year holidays and partial port closures. Stable raw material costs, sufficient liquidity, neutral export sentiment, and limited movement in rebar futures…