Tag: rebar trade China
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China: Billet prices edge up on firm sentiment, improving demand
Demand improves with stronger speculative buying Coke prices firm after accepted hikes Chinese billet prices rose slightly by RMB 10/t ($1/t) to RMB 3,010/t ($442/t) on 21 April, supported by improving domestic demand, stronger speculative buying, and firm raw material costs, especially coke with accepted price hikes. SHFE rebar futures stayed stable at around RMB…