Tag: power supply concerns China
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China: Billet, rebar prices rise on stronger raw material costs, power concerns
Power concerns and raw materials support billet prices Billet export offers edge up to $458/t FOB Chinese billet prices increased by RMB 10/t ($1/t) d-o-d to RMB 2,970/t ($437/t) on 8 July, supported by stronger raw material prices, power-related supply concerns, and improved market sentiment. Chinese billet export offers also edged up to around $458/t…