Tag: China: Billet and SHFE rebar gain amid stronger futures and output expectations

Chinese billet prices rose by RMB 20/t ($3/t, 1%) d-o-d to RMB 2,960/t ($419/t) on 10 Dec, while SHFE rebar also rose by RMB 27/t ($4/t, 1%) d-o-d to RMB 3,079/t ($436/t). Improved cost support lifted sentiment, reducing inventories and pushing billet and rebar prices up. Expected lower output and firmer mill attitudes boosted buying…