Tag: China: Billet stable while rebar futures edge lower amid weak demand

Weak coke market indicated oversupply concerns persist Ex-mill steel prices stayed mostly unchanged domestically Chinese billet prices remained stable at RMB 3,060/t ($450/t) on 19 May, while rebar futures softened slightly by RMB 5/t ($1/t) to RMB 3,155/t ($464/t), amid sluggish domestic trading activity and generally unchanged ex-mill pricing. Weak downstream demand, lower iron ore…