China: Billet prices remain stable, cautious sentiment pulls rebar futures down
- Chinese billet prices remained stable d-o-d at RMB 2,970/t ($426/t) on 13 Jan’26, while SHFE rebar futures declined by RMB 1/t ($0.14/t) to RMB 3,114/t ($446/t).
- Weak winter demand, slightly higher mill output, and rising inventories kept billet prices stagnant d-o-d.
- Cautious futures sentiment and softer iron ore prices led to a marginal decline in SHFE rebar futures despite stable export conditions.
