Tag: rebar prices rise on firmer costs

Coke supply tightness supports Chinese steel prices Weaker dollar boosts Chinese steel market sentiment Chinese billet prices increased RMB 50/t ($7/t) d-o-d to RMB 3,010/t ($448/t) on 24 August, while SHFE rebar futures rose RMB 27/t ($4/t) to RMB 3,066/t ($456/t). The upward move was supported by firmer raw-material costs, tighter coke supply and improving…