Tag: China: Billet prices hold steady as demand recovery remains gradual

Stable domestic market as demand recovery remains gradual Export market steady despite subdued buying interest Chinese billet prices remained unchanged d-o-d at RMB 2,980/t ($434/t) on 18 March, as the market stayed stable with demand recovery progressing slowly despite cost support. Mill profitability improved slightly, while social inventories showed limited movement, indicating a balanced but…