- Chinese billet prices inched up by RMB 10/t ($1/t) to RMB 2,980/t ($421/t) on 28 Nov, while SHFE rebar gained RMB 17/t ($2/t) to RMB 3,110/t ($440/t).
- Raw materials softened on higher inventories, and EAF output edged up.
- The market remained quiet as it headed into a seasonally weak December shaped by low winter demand and Sino-US trade noise.
Chinese billet, rebar edge up d-o-d even as raw materials soften
billet price movement China billet updates China raw material prices China steel December outlook China steel inventories china steel market Chinese billet and rebar edge up d-o-d even as raw materials soften Chinese billet prices Chinese steel trends EAF steel output China rebar market China rebar price movement SHFE rebar prices Sino-US trade impact winter steel demand China
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