Tag: RMB appreciation steel exports

Chinese billet rebounds post-CNY holiday Turkiye billet trade weak amid Ramadan, liquidity crunch Global billet prices were largely stable to slightly firmer w-o-w. Chinese export offers rebounded after the CNY lull, supported by a stronger RMB and improved post-holiday sentiment, while Southeast Asian import levels held steady. CIS-origin billet into Turkiye remained broadly unchanged, and…