Tag: China: Billet prices inch up as firm raw materials offset rising inventories

Mild improvement in domestic consumption supports prices Rebar export market remains weak due to high freight costs Chinese billet prices increased by RMB 10/t ($1/t) d-o-d to RMB 2,950/t ($430/t) on 11 March, supported by a slight improvement in domestic consumption despite rising social inventories. Raw materials remained firm, with iron ore and coke prices…