- Steel billet prices in Tangshan inched up by RMB 10/t ($1/t) d-o-d to RMB 3,120/t ($436/t), including 13% VAT, supported by surging coking coal and the second round of coke price hikes.
- While steel margins improved, downstream demand stayed weak. However, export offers faced resistance due to firm HRC offers.
- Similarly, SHFE Oct’25 rebar futures increased by RMB 43/t ($6/t) to RMB 3,304/t ($462/t).
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