Tag: Chinese billet market outlook

Policy support, Tangshan steel output cuts lift sentiment Cautious buying interest weighs on SHFE rebar futures  Chinese billet prices rose by RMB 10/t ($1/t) d-o-d to RMB 2,920/t ($423/t) on 5 March, supported by improved sentiment after China set a 4.5-5% GDP growth target and as Tangshan steel output cuts tightened supply. Firm raw material…