Tag: China: Billet prices rise amid firm raw material costs and geopolitical tensions

Strong raw material costs and speculative buying lift prices Middle East tensions disrupt freight and export sentiment Chinese billet prices increased by RMB 30/t ($4/t) d-o-d to RMB 2,960/t ($428/t) on 9 March, supported by firm raw material costs including iron ore and coking coal, along with improved domestic sentiment and speculative buying. Baosteel also…