- Chinese billet prices held steady at RMB 2,930/t ($412/t), while SHFE Jan’26 rebar futures rose slightly by RMB 13/t ($2/t) to RMB 3,038/t ($427/t).
- The market was weak, with shrinking mill margins. More maintenance shutdowns are expected in the coming months.
- Rising iron ore port inventories and ongoing disputes over coke prices continued to pressure costs, keeping both domestic and export markets largely stagnant.
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