Higher raw material costs support domestic billet prices Export offers soften amid weak overseas demand Chinese billet prices increased by RMB 20/t ($3/t) d-o-d to RMB 2,970/t ($435/t) on 14 July, while SHFE rebar futures rose by RMB 36/t ($6/t) to RMB 3,090/t ($451/t). The rebound was supported by improved sentiment across China’s commodity and…