Tag: China: Billet prices gain momentum amid rising input costs and firmer export outlook

Domestic market holds firm as rising costs counter muted demand Export market improves with stronger dollar and tightening global supply Chinese billet prices rose by RMB 30/t ($4/t) d-o-d to RMB 2,990/t ($434/t) on 23 March, as strong cost support from higher coke prices offset limited buying activity. Supply remained stable while inventories declined slightly,…