China lowers appetite for import billet amid dip in steel price

Chinese importers reduced their bid prices for steel billet over recent days amid a drop in finished steel markets in the country, sources told Fastmarkets on Friday December 31.

Weak demand from the construction sector dampened domestic rebar prices in China in the week, with spot prices for the product down by 90 yuan ($14) per tonne in eastern...

Published

Lee Allen

December 31, 2021

12:58 GMT

London