- Chinese billet prices stayed flat d-o-d at RMB 2,950/t ($419/t) on 19 Dec, while SHFE rebar prices slipped RMB 14/t ($2/t) to RMB 3,076/t ($437/t).
- The market remains largely stagnant, with trade volumes down sharply and social inventories still declining.
- Export activity is slow despite minor base price hikes, while mills maintain local pricing and allocations.
- Overall sentiment remains cautious heading into year-end.
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