Tag: rebar prices gain on stronger cost support

Higher raw material costs lift steel prices Autumn demand expectations improve market sentiment Chinese billet prices increased by RMB 10/t ($1/t) d-o-d to RMB 2,940/t ($436/t) on 11 August, while SHFE rebar futures rose RMB 39/t ($6/t) to RMB 3,016/t ($447/t). The gains were supported by firmer iron ore and coking coal prices, with coking…