Tag: China: Billet prices decline d-o-d; export offers soften amid weak demand

Coke price hike supports production cost base Domestic rebar trading volumes remain subdued Chinese billet prices declined by RMB 10/t ($1/t) d-o-d to RMB 2,990/t ($442/t) on 22 June, while SHFE rebar futures eased by RMB 9/t ($1/t) to RMB 3,163/t ($467/t). Market sentiment remained weak amid slow seasonal demand and subdued trading activity, with…