Tag: China: Billet prices ease as supply rises

Domestic market stable as supply rises, demand improves slightly Export market firm amid rising freight, limited supply options Chinese billet prices fell by RMB 10/t ($1) d-o-d to RMB 2,960/t ($430/t) on 20 March, as higher liquid iron output increased supply. Lower inventories supported slight demand improvement, while firmer iron ore and coke prices provided…