China: Billet prices steady; rebar futures dip on weak cues

• Softer raw materials reduce overall cost pressure
  
  
• Improved rebar trading boosts market activity slightly
  
  

Chinese billet prices remained unchanged at RMB 2,970/t ($436/t) on 14 April '26, while SHFE rebar futures edged down by RMB 5/t ($1/t) to RMB 3,069/t ($450/t).

Prices were supported by steady mill pricing, improved rebar trading volumes, and higher exports. Meanwhile, rebar futures fell on easing input costs, high iron ore inventories.