China: Billet prices stable, rebar futures edge higher
- Chinese billet prices remained stable d-o-d at RMB 2,930/t ($421/t) on 21 Jan’26, while SHFE rebar futures rose by RMB 6/t ($1/t) to RMB 3,096/t ($445/t).
- Mills and traders kept prices competitive to protect margins, with steady pre-Lunar New Year liquidity supporting billet prices.
- Range-bound exports and weak buying limited price moves, while controlled supply expectations supported slight gains in SHFE rebar futures.
