Tag: rebar prices rise on firmer demand

Seasonal demand expectations support steel prices Rising iron ore, coking coal lift production costs Chinese billet prices rose by RMB 50/t ($7/t) d-o-d to RMB 3,050/t ($454/t) on 31 August, while SHFE rebar futures gained RMB 55/t ($8/t) to RMB 3,143/t ($467/t). Meanwhile, Chinese billet export offers increased to $460/t FOB. The price gains were…