China: Billet, rebar prices inch down by $1/t d-o-d

—

by

in Uncategorized

Chinese billet prices dipped RMB 10/t ($1/t) d-o-d to RMB 2,970/t ($419/t) on 27 Nov, while SHFE rebar slipped RMB 6/t ($1/t) to RMB 3,093/t ($437/t).
Raw materials stayed steady, with iron ore near $107/t and coke unchanged. Mills are balancing local and export parity as the market awaits December policy cues.
China’s social steel inventory has fallen to its lowest level in 4 months.

billet market update china steel demand china steel market China: Billet and rebar prices inch down by $1/t d-o-d Chinese billet price chinese steel inventory Coke Price iron ore price rebar market trends SHFE rebar steel policy outlook

Comments

Leave a Reply Cancel reply