- Billet prices in Tangshan, China, slipped RMB 10/t ($1/t) d-o-d to RMB 2,990/t ($420/t); SHFE Jan’26 rebar fell RMB 14/t ($2/t) to RMB 3,109/t ($437/t).
- Market sentiment stayed neutral, with demand-supply balanced and limited restocking before the Oct holidays.
- Iron ore (Fe62%) rose to $103.5/t on tight supply, coke saw further cuts, and EAF margins worsened.
- Exports remained flat, as mills lifted bases.
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