Tag: China: Billet and rebar prices ease amid weak demand

High production costs pile pressure on mills Inventory declining but demand recovery uncertain Chinese billet prices fell by RMB 10/t ($1/t) d-o-d to RMB 3,030/t ($452/t) on 10 September, while SHFE rebar futures declined by RMB 19/t ($3/t) to RMB 3,078/t ($459/t). The declines reflected weaker market sentiment and limited improvement in end-user demand. Mills…