Tag: steel market update China

China: Billet prices steady; SHFE rebar eases amid cautious futures sentiment

Jan 6, 2026

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by

Ramavath Mounika

in Billet, Semi Finished

Chinese billet prices remained flat at RMB 2,930/t ($420/t) on 6 Jan 2026 compared with 5 Jan, while SHFE rebar declined by RMB 2/t ($0.28/t) to RMB 3,083/t ($441/t). Stable market sentiment and unchanged Baosteel February benchmark supported billet prices, limiting downside. Slight weakness in SHFE rebar reflected cautious futures trading despite strong raw material…