Tag: freight and vessel availability steel trade
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China: Billet prices ease as raw material softness weighs on market
Spring demand improves as inventories decline Export market weak despite better vessel availability Chinese billet prices fell by RMB 10/t ($1.5/t) d-o-d to RMB 2,980/t ($432/t) on 25 March, as softer raw material prices offset improving domestic demand. Rising social demand and steel output, along with a slight decline in inventories, confirmed a seasonal turning…