LME Steel Billet softens as China goes on a holiday

Wednesday, February 02,

 

 

Bids for Black Sea billet eased this week, with demand set to stay soft until the Chinese Lunar New Year holidays.

 

Prices in China are expected to rise after the holiday, but profits for steel mills will be squeezed by surging costs, the China Iron & Steel Association (CISA) said in its monthly report on Tuesday. 

 

 

 


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