Tag: China: Billet prices decline as strong exports and low inventories limit downside

Weak end-user demand limits domestic steel price gains Golden October demand recovery remains below expectations Chinese billet prices declined by RMB 10/t ($2) d-o-d to RMB 2,940/t ($440), while rebar prices edged up by RMB 1/t to RMB 3,074/t ($460). Potential capacity cuts and low inventories provided some support to domestic steel prices, despite sluggish…