Tag: steel inventory China
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China: Billet, SHFE rebar prices stable d-o-d
Chinese billet prices stayed flat d-o-d at RMB 2,990/t ($423/t) on 2 Dec, while SHFE rebar prices fell to RMB 3,133/t ($443/t). November steel PMI at 48 signals market contraction, but falling inventories and firmer futures point to rising demand. Export markets remain steady, though key mills raised HRC and plate base prices by $5/t.