Tag: Chinese steel sentiment

Mills maintain base prices after May holidays Rebar futures rise on improved market sentiment Chinese billet prices remained stable d-o-d at RMB 3,100/t ($456/t) on 13 May, while rebar futures increased by RMB 3/t ($0.44/t) to RMB 3,183/t ($469/t), supported by stable post-holiday demand, balanced social inventories, and firmer export sentiment. Mills maintained base prices…