- Billet prices in Tangshan, China, held steady d-o-d at RMB 2,960/t ($415/t), while SHFE Jan’26 rebar inched down RMB 11/t ($2/t) to RMB 3,106/t ($435/t).
- Steady raw material prices, with iron ore at $103/t (62% Fe), supported billet tags.
- Market sentiment was weak amid the end of the military parade, which eased supply concerns as northern mills resumed smoother operations.
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