Tag: China: Billet Prices Rise on Strong Futures

Rising raw material costs lift production expenses Steel futures touch 2026 peak levels Chinese billet prices increased by RMB 10/t to RMB 3,040/t on 30 April, while rebar futures rose by RMB 11/t to RMB 3,163/t, supported by a positive PMI reading of 50, which boosted market confidence. Domestic steel futures reached a 2026 peak,…