Tag: summer steel demand slowdown

Weak export market pressures billet offers Iron ore weakness adds downward price pressure Chinese billet prices declined by RMB 10/t ($3/t) d-o-d to RMB 3,020/t ($448/t) on 4 June, while SHFE rebar futures fell by RMB 18/t ($7/t) to RMB 3,177/t ($472/t), amid seasonally weak demand, rising inventories, subdued trading activity, and continued pressure from…