Tag: SHFE rebar futures declined sharply by RMB 4/t ($22/t) d-o-d to RMB 3134/t ($459/t). Market sentiment stayed cautious

Rise in finished steel prices supports market sentiment Rebar strengthens amid improved downstream activity Chinese billet prices remained unchanged d-o-d at RMB 3,020/t ($443/t) on 27 April, supported by a rise in finished steel prices, which helped maintain overall market sentiment despite limited fresh triggers. Export prices were heard around $480/t FOB, indicating stable external…