Tag: rebar futures rise on mild sentiment
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China: Billet prices, rebar futures rise on mild sentiment
Restocking activity supports short-term price rise Rebar futures edge up on improved sentiment Chinese billet prices increased by RMB 10/t ($1/t) d-o-d to RMB 2,970/t ($435/t) on 10 April26, while SHFE rebar futures edged up by RMB 3/t ($0.43/t) to RMB 3,074/t ($450/t). Despite a decline in iron ore prices driven by weak demand and…