Tag: rebar prices decline amid weak demand pressure

Muted exports, tariff uncertainty weigh on prices Iron ore weakness drags overall steel sentiment Chinese billet prices decreased by RMB 50/t ($7/t) to RMB 3,010/t ($444/t) on 28 May from RMB 3,060/t ($451/t), while rebar futures edged down by RMB 1/t (less than $1/t) to RMB 3,157/t ($466/t) from RMB 3,158/t ($467/t) on 25 May.…