Higher raw material costs, falling inventories support billet prices Export offers fall amid mixed overseas demand, active competition Chinese billet prices increased by RMB 10/t ($1/t) d-o-d to RMB 2,940/t ($436/t) on 14 August, while SHFE rebar futures rose by RMB 13/t ($2/t) to RMB 3,015/t ($447/t), supported by falling social steel inventories, improving market…