China: Billet prices hold steady as pre-holiday restocking lifts sentiment

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Billet prices in Tangshan held steady d-o-d at RMB 3,030/t ($425/t), while SHFE Jan’26 rebar inched up by RMB 3/t ($0.5/t) to RMB 3,167/t ($444/t).
Ahead of the long Golden Week holiday, China’s steel market firmed, as restocking trimmed social inventory after eight weeks.
Futures rose slightly, but mills stayed cautious with limited bookings, while iron ore and coke rebounded marginally.

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