China: Billet prices stay flat; SHFE rebar slips on export policy uncertainty
- Chinese billet prices remained flat at RMB 2,930/t ($419/t) on 5 Jan 2026 compared with 2 Jan, while SHFE rebar declined by RMB 18/t to RMB 3,085/t ($443/t).
- Winter demand-supply remains balanced, keeping prices rangebound. Export sentiment is cautious amid new licence rules, with offers largely stable.
- Iron ore indices held steady, while coke prices remain under pressure due to weak mill buying.