China: Steel billet prices edge up by RMB 10/t ($1/t) after two consecutive days of decline

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Billet prices inched up RMB 10/t ($1/t) d-o-d to RMB 3,020/t in Tangshan after two days of decline, while SHFE Oct’25 rebar futures gained RMB 18/t to RMB 3,129/t.
Raw materials strengthened, with iron ore at RMB 790/t and mills facing another round of coke price hikes. Overall sentiment improved on stronger macro cues and a softer dollar.

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