- In Tangshan, China, billet prices fell RMB 10/t ($1/t) to RMB 2,980/t ($418/t), while SHFE Jan’26 rebar also dropped RMB 17/t ($2/t) to RMB 3,097/t ($435/t).
- Weak demand before the Golden Week holidays pressured prices, with muted export activity, raw material cost drops, and tariff concerns also contributing.
- Market participants were cautious, expecting clarity to emerge following the holiday amid supply pressures.
China: Billet prices fall $1/t as demand softens ahead of holidays
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