Tag: China: Billet prices stable as weaker futures pressure sentiment

Firm raw material costs support billet prices Rebar futures fall on slow demand, selling pressure Chinese billet prices remained stable d-o-d at RMB 3,100/t ($456/t) on 8 May, supported by firm raw material costs and limited selling pressure from Chinese mills. Meanwhile, billet export prices were heard at around $482/t FOB China, down by $2/t,…