Tag: tangshan steel market
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China: Billet prices slip $1/t d-o-d amid weak demand, high inventories
Billet prices slipped RMB 10/t ($1/t) d-o-d to RMB 2,930/t ($410/t), with export offers easing by around $3/t. Meanwhile, SHFE Jan’26 rebar declined by RMB 22/t ($3/t) to RMB 3,061/t ($429/t). The market witnessed weak demand, elevated inventories, and high output. Sentiment was muted, as participants awaited potential policy support. Additionally, mills cautiously adjusted base…