China: Billet prices inch down by $1/t d-o-d
- Chinese billet prices dipped by RMB 10/t ($1/t)d-o-d to RMB 2,930/t ($412/t), while SHFE Jan'26 rebar futures slipped by RMB 19/t ($3/t) to RMB 3,025/t ($425/t).
- The market was sluggish amid weak demand and reduced output. Iron ore held steady, while coke prices fell on tight supply. With limited policy cues, mills are gradually cutting production ahead of winter.