Tag: China: Billet prices decline as weak steel demand pressures sentiment

Billet export offers decline amid weaker demand Downstream steel activity remains slow across China Chinese billet prices declined by RMB 10/t ($1/t) to RMB 3,040/t ($447/t) on 22 May, while rebar futures edged lower by RMB 4/t ($1/t) to RMB 3,145/t ($463/t). Market participants attributed the decline to sluggish finished steel demand, weaker flat steel…