Tag: steel market China analysis
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China: Billet prices stable, rebar dips on weak demand and steady supply
Post-holiday market activity remains largely unchanged Raw material stability supporting overall price levels Chinese billet prices remained stable d-o-d at RMB 2,980/t ($434/t) on 7 April, while SHFE rebar futures edged down by RMB 6/t ($1/t) to RMB 3,091/t ($451/t), as the market lacked strong direction after the short holiday. Steel output declined marginally toward…