Tag: China steel market outlook

Inventories decline but fail to support prices Stable raw material prices limit downside Chinese billet prices decreased by RMB 10/t ($1/t) d-o-d to RMB 2,930/t ($434/t) on 13 August, while SHFE rebar futures fell by RMB 8/t ($1/t) to RMB 3,002/t ($445/t). The decline reflected sluggish downstream demand and limited speculative buying, despite a 246,300…