- Billet prices in Tangshan dipped RMB 60/t ($8/t) to RMB 2,950/t as compared to last close (Friday), while SHFE Nov’25 rebar fell RMB 45/t to RMB 3,045/t, a 3-month low.
- Raw materials softened as iron ore dropped 2.5% and coke saw its first post-August correction.
- Despite the peak consumption season, demand remains fragile amid weak August PMI and no fresh policy support.
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