Tag: China: Billet and rebar prices slip amid cautious sentiment

Finished steel prices witness decline Sentiment weakens post US-China talks  Chinese billet prices edged lower on 18 May, slipping by RMB 30/t ($4/t) to RMB 3,060/t ($450/t), while rebar futures also softened by RMB 11/t ($2/t) to RMB 3,160/t ($464/t), reflecting a sharper decline in finished steel such as rebar amid weak sentiment. Market participants…