Tag: China: Billet prices ease as raw material softness weighs on market

Spring demand improves as inventories decline Export market weak despite better vessel availability Chinese billet prices fell by RMB 10/t ($1.5/t) d-o-d to RMB 2,980/t ($432/t) on 25 March, as softer raw material prices offset improving domestic demand. Rising social demand and steel output, along with a slight decline in inventories, confirmed a seasonal turning…