Tag: rebar prices ease on rising inventories
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China: Billet, rebar prices ease on rising inventories, weak demand
Export offers remain steady despite weak sentiment Coke prices decline on output cut expectations Chinese billet prices declined by RMB 20/t ($3/t) d-o-d to RMB 2,930/t ($433/t) on 30 July, while SHFE rebar futures fell by RMB 48/t ($7/t) to RMB 3,014/t ($446/t). Chinese billet export offers remained stable at around $458/t FOB despite weaker…