Tag: Tianjin port congestion

China’s billet prices remained stable d-o-d at RMB 2,920/t ($410/t), while SHFE Jan’26 rebar inched up RMB 15/t ($2/t) to RMB 3,049/t ($428/t). Market sentiment was weak and largely unchanged amid demand concerns and a winter slowdown. A congestion at Tianjin Port (around 30 days) delayed shipments. Iron ore prices were steady, while coking coal…