China: Billet slips, rebar edges up d-o-d towards year-end as market sentiment stays cautious

• Chinese billet prices decreased by RMB 10/t ($1/t) compared to 29 Dec'25 to RMB 2,940/t ($421/t) on 30 Dec'25; SHFE rebar increased by RMB 9/t ($3/t) to RMB 3,105/t ($442/t).
• Prices were mixed as weak trade volumes and heavy mill order pressure capped gains, while stable raw material costs and neutral export sentiment kept billet prices low and supported a modest rise in rebar.