Tag: China: Billet prices ease amid cautious market sentiment

Stable raw material costs fail to support billet prices Rebar export activity improves despite uncertain outlook Chinese billet prices decreased by RMB 20/t ($3/t) d-o-d to RMB 2,940/t ($428/t) on 10 March, as domestic sentiment softened despite stable raw material costs. Iron ore prices remained steady at around $104/t, while coke prices saw slight adjustments…