China: Billet prices rise $1/t d-o-d as production costs edge up

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Billet prices in Tangshan rose by RMB 10/t ($1/t) to RMB 3,050/t ($427/t), while SHFE Jan’26 rebar rose by RMB 25/t ($4/t) to RMB 3,172/t ($446/t).
High mill output amid slow domestic demand is boosting billet inventory.
Strong raw material demand, especially for iron ore and coke, is pushing production costs up, lifting billet rates.

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