China: Billet prices stable d-o-d as early-autumn demand remains weak

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Chinese billet prices stayed flat at RMB 2,990/t ($420/t), while SHFE Jan’26 rebar fell RMB 17/t ($2/t) to RMB 3,092/t ($434/t).
Billet demand was weak in early autumn, with inventories climbing for 7 weeks. CRC saw some activity, but longs stayed sluggish. Exports were limited to the Middle East and Vietnam.
Iron ore slipped, while coke edged higher, leaving the market in soft balance.

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