- Chinese billet prices held steady d-o-d at RMB 2,980/t ($421/t), while SHFE rebar inched up by RMB 17/t ($2/t) to RMB 3,106/t ($438/t).
- Stable supply, firm production costs, and slight higher iron ore ($106/t) have kept overall sentiment steady yet supported, with mills showing no urgency to adjust offers.
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