Tag: China: Billet prices hold steady amid weak sentiment and softer raw materials

Negative sentiment weighs despite stable fundamentals Export market neutral as mills trim offers Chinese billet prices remained unchanged d-o-d at RMB 2,980/t ($432/t) on 2 April, as weak sentiment offset stable fundamentals. Supply rose and rebar inventories declined, but overall sales remained slow, while iron ore and coke prices softened. Meanwhile, SHFE rebar futures fell…