Tag: China: Billet prices remain stable amid balanced supply and mixed demand signals

Falling coke prices limit upward momentum Iron ore gains support production costs Chinese billet prices remained stable d-o-d at RMB 2,980/t ($432/t) on 1 April, as balanced mill output and demand, along with unchanged local steel prices and export offers, kept the market steady. Firm iron ore prices (+RMB 5-10/t) also provided cost support, while…