Tag: rebar futures decline amid weak demand pressure

Rising social inventories weigh on market sentiment Mills maintain prices amid elevated coke costs Chinese billet prices declined by RMB 10/t ($1/t) d-o-d to RMB 3,020/t ($447/t) on 17 June, while SHFE rebar futures softened by RMB 13/t ($2/t) to RMB 3,176/t ($470/t), pressured by seasonally weak steel demand, rising social inventories, and cautious market…