A sharp drop in domestic billet and rebar prices over the past few days in China resulted in a change of mood in the Commonwealth of Independent States' export billet market, sources told Fastmarkets.
Fastmarkets' price assessment of steel reinforcing bar (rebar) domestic, ex-whs Eastern China was 5,300-5,350 ($828.46-836.28) yuan per tonne on Friday October 22, down by 330 yuan per tonne day on day and down by 450-470 yuan per tonne week on week.The price drop in...