Tag: steel inventories China

Domestic market holds firm as rising costs counter muted demand Export market improves with stronger dollar and tightening global supply Chinese billet prices rose by RMB 30/t ($4/t) d-o-d to RMB 2,990/t ($434/t) on 23 March, as strong cost support from higher coke prices offset limited buying activity. Supply remained stable while inventories declined slightly,…