Tag: China: Billet prices gain as domestic demand recovery gathers pace

Improved consumption supports domestic steel sentiment Export offers rise amid higher freight and cost pressures Chinese billet prices increased by RMB 20/t ($3/t) d-o-d to RMB 2,970/t ($432/t) on 12 March, supported by improved domestic consumption and firm raw material prices. Social consumption improved by around 15%, while inventory growth slowed compared with the previous…