Tag: China: Billet export prices rise on positive market sentiment

Buyers show caution amid rapidly rising offers Rebar futures edge up after holiday reopening Chinese billet prices increased by RMB 10/t ($7/t) to RMB 3,100/t ($454/t) on 7 May, while rebar futures edged up by RMB 2/t to RMB 3,200/t ($469/t), supported by positive market sentiment and improved post-holiday demand. Physical steel sales remained strong…