SteelMint

Tag: 020/t ($442/t) on 24 April

  • China: Billet prices stable as demand improves; rebar edges up

    China: Billet prices stable as demand improves; rebar edges up

    —

    by

    Devanshu Agrawal
    in ,

    Improving demand supports market sentiment Rebar slips despite steady domestic conditions Chinese billet prices remained unchanged d-o-d at RMB 3,020/t ($442/t) on 24 April, as improving domestic consumption and faster inventory drawdown supported overall sentiment. Market conditions remained steady, with mills maintaining current pricing levels ahead of potential output adjustments. Meanwhile, SHFE rebar futures increased…