China: Billet prices steady amid weak demand, rebar futures edge up
- Chinese billet prices remained unchanged d-o-d at RMB 2,930/t ($422/t) on 28 January 2026, while SHFE rebar futures edged up by RMB 1/t ($0.14/t) to RMB 3,111/t ($448/t).
- Weak domestic demand, especially for long products, kept trading activity subdued, limiting price support and resulting in stagnant billet prices.
- Stable exports and cautious sentiment ahead of the Fed decision limited gains in SHFE rebar futures.