Tag: China: Billet prices edge up amid gradual demand recovery

Policy support, Tangshan steel output cuts lift sentiment Cautious buying interest weighs on SHFE rebar futures  Chinese billet prices rose by RMB 10/t ($1/t) d-o-d to RMB 2,920/t ($423/t) on 5 March, supported by improved sentiment after China set a 4.5-5% GDP growth target and as Tangshan steel output cuts tightened supply. Firm raw material…