Tag: rebar prices decline amid weak demand sentiment

Production cuts, stable social inventories limit drop Stable raw material prices fail to offer cost support  Chinese billet prices declined by RMB 10/t ($1/t) d-o-d to RMB 2,980/t ($440/t) on 20 July, while SHFE rebar futures fell by RMB 19/t ($3/t) to RMB 3,096/t ($457/t), reflecting weaker market sentiment at the start of the week.…