Tag: China: Billet and rebar prices decline as weak post-holiday demand and rising inventories weigh on market

Softer iron ore prices pressure raw materials Mills lower base prices more frequently Chinese billet prices fell by RMB 20/t ($3/t) d-o-d to RMB 2,960/t ($442/t) on 8 October, while SHFE rebar futures declined by RMB 45/t ($7/t) to RMB 3,061/t ($457/t). Meanwhile, billet export offers slipped by $3/t d-o-d to $462/t FOB. The declines…