China: Steel billet prices inch up RMB 10/t ($1/t) d-o-d

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Tangshan billet prices edged up RMB 10/t to RMB 3,030/t, while SHFE Oct’25 rebar futures gained RMB 12/t to RMB 3,137/t.
Export activity remains subdued as mills hold back offers, though billet shipments may rise to counter weak rebar demand.
Raw materials remain range-bound, but the overall market witnessed weak demand.

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