Tag: Chinese billet and rebar edge up d-o-d even as raw materials soften

Chinese billet prices inched up by RMB 10/t ($1/t) to RMB 2,980/t ($421/t) on 28 Nov, while SHFE rebar gained RMB 17/t ($2/t) to RMB 3,110/t ($440/t). Raw materials softened on higher inventories, and EAF output edged up. The market remained quiet as it headed into a seasonally weak December shaped by low winter demand…