Tag: limited upside room led to slight price adjustments
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China: Billet prices remain steady as market adjusts after recent gains
Rebar slips slightly amid stable fundamentals Domestic market saw correction after recent rally Chinese billet prices remained unchanged d-o-d at RMB 3,020/t ($442/t) on 28 April, as the market adjusted following recent gains. Despite improved buying interest, subdued trading volumes limited upside. Meanwhile, SHFE rebar futures fell by RMB 4/t (less than $1/t) to RMB…