Tag: RMB appreciation impact
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China: Billet prices unchanged d-o-d, rebar futures dip on inventory pressure
Exporters hedge currency fluctuation risks Iron ore prices remain stable Chinese billet prices remained unchanged d-o-d at RMB 2,910/t ($425/t) on 26 February 2026, as stable domestic spot rates and rising inventories offset firmer export sentiment. The sharp appreciation of the RMB below 6.83 against the dollar also kept exporters focused on hedging currency risks,…