Tag: billet market analysis
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China billet, rebar prices rise on improved market sentiment
Higher raw material costs support domestic billet prices Export offers soften amid weak overseas demand Chinese billet prices increased by RMB 20/t ($3/t) d-o-d to RMB 2,970/t ($435/t) on 14 July, while SHFE rebar futures rose by RMB 36/t ($6/t) to RMB 3,090/t ($451/t). The rebound was supported by improved sentiment across China’s commodity and…