Tag: China billet market weakens amid demand concerns

Lower iron ore futures reflect demand weakness Chinese billet export offers remain largely stable Chinese billet prices declined by RMB 20/t ($3/t) d-o-d to RMB 3,000/t ($444/t) on 18 June, while SHFE rebar futures softened by RMB 4/t ($1/t) to RMB 3,172/t ($469/t), pressured by seasonally weak steel demand, rising social inventories, and cautious market…