Tag: China: Billet and Rebar prices rise on firmer market Sentiment and cost support

October cargoes see selective export interest Tight coking coal supply supports steel costs Chinese billet prices rose by RMB 20/t ($3/t) d-o-d to RMB 3,040/t ($453/t) on 4 September, while SHFE rebar futures increased by RMB 15/t ($2/t) to RMB 3,106/t ($463/t). In contrast, billet export offers fell by $6/t to $466/t FOB. The domestic…