China: Billet prices steady, rebar futures rise marginally
- Chinese billet prices remained unchanged d-o-d at RMB 2,930/t ($420/t) on 22 Jan'26, while SHFE rebar futures rose by RMB 7/t ($1/t) to RMB 3,103/t ($445/t).
- Weak domestic demand and high inventories, along with upcoming CNY holidays, limited market.
- Stagnant exports sentiment and cautious buying, despite rising raw material costs, restrained stronger price movements in both spot and futures markets.