Tag: steel market update Feb 2026

China: Billet prices slip post-holiday, SHFE rebar eases amid tightening margins

Feb 24, 2026

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by

Ramavath Mounika

in Billet, Semi Finished

Steel margins tighten, dampening buying sentiment Billet prices fall after holiday resumption Chinese billet prices fell by RMB 20/t ($3/t) d-o-d to RMB 2,880/t on 24 Feb 2026, while SHFE rebar futures slipped by RMB 6/t ($1/t) to RMB 3,053/t. The decline followed post-holiday market resumption, as mills gradually restarted operations, pressuring finished steel prices.…