Tag: China Steel Production

SHFE rebar futures weaken, weighing on billet sentiment Raw material costs offer support, coke may see further hike Chinese billet prices declined by RMB 10/t ($1/t) d-o-d to RMB 3,030/t ($448/t) on 16 June, while SHFE rebar futures also weakened, settling at RMB 3,189/t ($472/t). Market sentiment remained soft amid sluggish export activity and limited…