Tag: rebar prices ease as cooler sentiment offsets firm costs

Firm raw material costs continue to support steel prices Stronger export demand lifts billet offers to $472/t FOB Chinese billet prices fell by RMB 10/t ($1/t) d-o-d to RMB 3,040/t ($452/t) on 1 September, while SHFE rebar futures declined by RMB 20/t ($3/t) to RMB 3,123/t ($465/t). Meanwhile, Chinese billet export offers rose by $12/t…