Tag: Chinese Steel Market Softens Amid Weak Demand and Export Pressure

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…