Tag: China: Billet prices slip amid rising output and weaker sentiment

Market weakens on rising output, falling inventories Export market remains stable amid rising freight costs Chinese billet prices fell by RMB 10/t ($1.5/t) to RMB 2,970/t ($430/t) on 19 March, as output rose 2% and inventories dropped 1.5%, indicating a turning point. Weaker iron ore and sluggish coke demand further pressured sentiment. Meanwhile, SHFE rebar…