Tag: billet export prices China

Raw material costs continue moving higher Strong market opening lifts sentiment Chinese billet prices rose by RMB 50/t ($7/t) to RMB 3,090/t ($454/t) on 6 May, while rebar futures increased by RMB 35/t ($5/t) to RMB 3,198/t ($469/t), supported by a strong opening in the Chinese market, speculative buying in steel futures, and expectations of…