China’s billet order prices increase by strong domestic demand
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Update time : 2020-11-20 17:19:26
Following the increasing domestic demand in China, the raw material and semi-finish steel products’ prices were all showed increase recently.
Although the rebar prices showed ease currently, it still couldn’t stop the scrap to keep increasing.
By the market news, some of the Chinese buyers even accept the high price billet from South Korea, which caused some of the Taiwanese traders to worry about whether the profit space would be pressured by the high cost.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
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