Tag: rebar prices rise on improved sentiment

Export offers soften despite modest domestic price recovery Rising inventories cap further steel price gains Chinese billet prices increased by RMB 20/t ($3/t) d-o-d to RMB 2,960/t ($436/t) on 16 July, supported by improved market sentiment, firm raw material costs, and positive global cues. Chinese billet export offers eased to around $457/t FOB, although most…