Tag: China: Billet stable while rebar futures edge lower

Steady buying interest helped maintain market balance Rebar futures softened slightly amid cautious sentiment Chinese billet prices remained stable at RMB 3,060/t ($450/t) on 20 May, while rebar futures edged down by RMB 4/t ($1/t) to RMB 3,151/t ($464/t), as balanced market conditions, low social inventories, and steady buying interest supported prices despite sluggish demand.…