Tag: rebar market trends
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China: Billet, rebar prices inch down by $1/t d-o-d
Chinese billet prices dipped RMB 10/t ($1/t) d-o-d to RMB 2,970/t ($419/t) on 27 Nov, while SHFE rebar slipped RMB 6/t ($1/t) to RMB 3,093/t ($437/t). Raw materials stayed steady, with iron ore near $107/t and coke unchanged. Mills are balancing local and export parity as the market awaits December policy cues. China’s social steel…