Tag: disrupting global supply chains and prompting Chinese mills to lift export offers by $3–10/t.

Strong raw material costs and speculative buying lift prices Middle East tensions disrupt freight and export sentiment Chinese billet prices increased by RMB 30/t ($4/t) d-o-d to RMB 2,960/t ($428/t) on 9 March, supported by firm raw material costs including iron ore and coking coal, along with improved domestic sentiment and speculative buying. Baosteel also…