Tag: China: Billet prices stable amid improved inventory data

Stable raw material prices support steel market Better consumption trends keep spot market stable Chinese billet prices remained stable d-o-d at RMB 3,100/t ($457/t) on 14 May, while rebar futures declined by RMB 2/t ($0.29/t) to RMB 3,181/t ($469/t), amid mixed market sentiment and softer paper trading activity. Improved inventory data and better consumption trends…