Tag: China spring steel demand
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China: Billet prices remain stable as spring demand improves
Tight steel output, stronger rebar trade support billets Soaring freights continue to pressure export activity Chinese billet prices remained unchanged d-o-d at RMB 2,970/t ($431/t) on 13 March, supported by improving domestic demand as the market gradually enters the spring consumption phase. Steel output has fallen to a three-year low, while stronger trading activity in…