Tag: China billet and rebar prices firm as raw-material costs increase

Tighter supply-demand balance limits selling pressure Fifth round of coke price hike adds cost pressure on mills Chinese billet prices rose by RMB 10/t ($2/t) d-o-d to RMB 3,010/t ($449/t) on 21 September, supported by firm raw-material costs, a gradual decline in social inventories and limited selling pressure. SHFE rebar futures increased by RMB 41/t…