Tag: speculative steel buying

Export billet offers reduced to attract buyers Hormuz ceasefire hopes support commodity markets Chinese billet prices increased by RMB 10/t ($2/t) d-o-d to RMB 2,930/t ($434/t) on 5 August, while SHFE rebar futures rose by RMB 14/t ($2/t) to RMB 2,990/t ($443/t), supported by improved market sentiment following renewed hopes of a ceasefire around the…