- Steel billet prices in Tangshan, China, dropped RMB 20/t ($3/t) d-o-d to RMB 3,060/t ($425/t, including VAT), while SHFE Oct’25 rebar futures dipped by RMB 5/t ($1/t) to RMB 3,208/t ($445/t).
- The decline reflects weak sentiment, driven by falling raw material prices, lack of new economic stimulus, and lingering concerns over potential US tariffs. Market participants remained cautious, with only need-based purchases seen.
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