Tag: rebar futures decline amid cautious market sentiment

Sluggish construction activity pressures rebar prices Softer coke costs reduce raw material cost support Chinese billet prices declined by RMB 20/t ($3/t) d-o-d to RMB 2,950/t ($435/t) on 13 July, while SHFE rebar futures fell by RMB 42/t ($6/t) to RMB 3,054/t ($451/t), reflecting weak market sentiment and seasonal demand. Domestic steel prices came under…