Tag: china steel market

Holiday period keeps market activity subdued SHFE rebar futures decline by RMB 12/t ($2/t) Chinese billet prices fell by RMB 20/t ($3/t) d-o-d to RMB 2,980/t ($444/t) on 28 September, while SHFE rebar futures declined by RMB 12/t ($2/t) to RMB 3,106/t ($463/t). Meanwhile, billet export offers rose by $3/t to $465/t FOB. Domestic demand…