- Rise in finished steel prices supports market sentiment
- Rebar strengthens amid improved downstream activity
Chinese billet prices remained unchanged d-o-d at RMB 3,020/t ($443/t) on 27 April, supported by a rise in finished steel prices, which helped maintain overall market sentiment despite limited fresh triggers. Export prices were heard around $480/t FOB, indicating stable external pricing even as domestic conditions remained moderate.
Meanwhile, SHFE rebar futures rose by RMB 19/t ($3/t) d-o-d to RMB 3,153/t ($462/t). Market sentiment stayed cautious, although improved supply and trade conditions kept prices largely rangebound, with activity expected to slow ahead of holidays.
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