China: Billet prices slip $1/t d-o-d amid softer export market sentiment

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China’s billet prices slipped RMB 10/t ($1/t) d-o-d to RMB 2,920/t ($410/t); SHFE Jan’26 rebar fell RMB 27/t ($4/t) to RMB 3,034/t ($426/t).
Prices declined for the 4th straight day amid weak demand, especially in the export landscape, and high inventories.
Export-oriented mills in north China and suppliers to Vietnam held base prices; domestic mills focused on existing orders.

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