Tag: China: Billet prices increase amid firm raw materials

Firm iron ore and coke demand support prices Geopolitical tensions pressure global supply chains Chinese billet prices increased by RMB 10/t ($1/t) d-o-d to RMB 2,930/t ($424/t) on 6 March, supported by a slight decline in social inventories after earlier production cuts and firm demand for raw materials such as iron ore and coke. Market…