Tag: China: Billet prices rise amid balanced demand and firm raw materials

Stable demand-supply balance supports domestic steel prices Export market steady despite ongoing freight pressures Chinese billet prices increased by RMB 10/t ($1/t) d-o-d to RMB 2,980/t ($433/t) on 17 March, supported by balanced demand and supply conditions as the market gradually approaches the seasonal spring restocking phase. Raw materials remained firm, with iron ore prices…