Author: Devanshu Agrawal

Balanced sentiment ahead of holiday period Stable exports amid weak domestic trend Chinese billet prices remained unchanged d-o-d at RMB 2,980/t ($433/t) on 3 April, as market sentiment stayed balanced on account of the three-day holiday. Improved mill profitability (~50%) supported higher blast furnace utilisation and firm iron ore demand, although overall steel demand remained…