Tag: China: Billet prices rise as demand improves and futures hit highs

Stronger demand, restocking support prices Export market stable despite policy uncertainty Chinese billet prices increased by RMB 10/t ($1.5/t) d-o-d to RMB 3,020/t ($442/t) on 22 April, supported by improving consumption across regions and restocking ahead of the May Day holidays. Market sentiment remained positive, with steel prices sustaining gains over the past few weeks…