China: Billet, rebar prices slip on soft winter demand, export uncertainty

• Chinese billet prices slipped by RMB 10/t ($1/t) d-o-d to RMB 2,950/t ($420/t) on 23 Dec'25, while SHFE rebar edged down by RMB 5/t ($1/t) to RMB 3,070/t ($437/t).
• Soft winter demand, slow exports, and delayed clarity on export licensing kept buying muted, weighing on billet and rebar prices.
• High raw material inventories and lower portside offers pressured costs, limiting price support.