China: Billet, rebar prices hold steady d-o-d on port closures during New Year holiday

• Chinese billet prices remained unchanged d-o-d at RMB 2,930/t ($419/t) on 2 Jan'26, while SHFE rebar also remained stable at RMB 3,103/t ($443/t).
• Market activity was muted as China observed the New Year holiday over 1-4 Jan'26, with ports and commercial operations largely closed. Normal trading and logistics are expected to resume from 5 Jan'26.