Tag: china steel market

Rising inventories continue to pressure domestic market Billet export offers remain stable due to steady demand Chinese billet prices increased by RMB 10/t ($1/t) d-o-d to RMB 2,940/t ($436/t) on 6 August, while SHFE rebar futures gained RMB 24/t ($4/t) to RMB 3,014/t ($447/t), supported by higher raw material costs, particularly stronger iron ore and…