Tag: China: Billet prices hold steady amid firm costs

Firm raw material costs support steel price stability Export offers unchanged with selective buying interest Chinese billet prices remained stable d-o-d at RMB 2,990/t ($434/t) on 24 March, while SHFE rebar futures declined by RMB 9/t ($1/t) to RMB 3,145/t ($456/t). Chinese billet prices remained stable as domestic steel prices held firm despite modest demand…