Tag: rebar prices decline amid weak seasonal demand

Lower coke prices reduce cost support for billet prices Billet export offers fall by $2/t amid cautious buying Chinese billet prices fell by RMB 10/t ($1/t) d-o-d to RMB 2,950/t ($436/t) on 28 July, while SHFE rebar futures declined by RMB 9/t ($1/t) to RMB 3,060/t ($452/t). The decline was mainly attributed to weak seasonal…