- Billet prices in Tangshan rose RMB 20/t ($3/t) from last closing (Friday) to RMB 3,030/t ($426/t), while SHFE Jan’26 rebar edged up by RMB 9/t ($1/t) to RMB 3,136/t ($440/t).
- Sentiment improved on expectations of policy support, but fundamentals remain weak.
- Mills keep output high and inventories are climbing. HRC and CRC saw better demand than plate and rebar.
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