Tag: China construction steel prices
-
China: Billet prices inch up as firm raw material costs offset rising inventories
Mild improvement in domestic consumption supports prices Rebar export market remains weak due to high freight costs Chinese billet prices increased by RMB 10/t ($1/t) d-o-d to RMB 2,950/t ($430/t) on 11 March, supported by a slight improvement in domestic consumption despite rising social inventories. Raw materials remained firm, with iron ore and coke prices…