- Billet prices in Tangshan, China, slipped RMB 20/t ($3/t) d-o-d to RMB 3,010/t for the second consecutive day. SHFE Oct’25 rebar futures edged down by RMB 2/t to RMB 3,111/t.
- The decline comes amid market oversupply, stemming from rising crude steel output (+1.2% w-o-w) and higher mill operating rates.
- Construction demand has yet to pick up despite the seasonal recovery period, keeping buyers cautious.
Leave a Reply