Tag: Chinese billet prices remained unchanged d-o-d at RMB 3
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China: Billet prices stable as demand improves; rebar edges up
Improving demand supports market sentiment Rebar slips despite steady domestic conditions Chinese billet prices remained unchanged d-o-d at RMB 3,020/t ($442/t) on 24 April, as improving domestic consumption and faster inventory drawdown supported overall sentiment. Market conditions remained steady, with mills maintaining current pricing levels ahead of potential output adjustments. Meanwhile, SHFE rebar futures increased…