Asian rebar, billet prices stable despite weak Chinese market

摘要

Asian rebar prices unchanged on June 15, amid stable offers with buyers on hold. Southeast Asian billet prices were steady, with bullish sentiment on the back of strong iron ore prices. Platts assessed 16-20 mm diameter BS500 rebar at $428/mt FOB China actual weight, unchanged on June 15. Platts assessed 16-32 mm diameter BS4449 Grade 500 rebar at $420/mt CFR Southeast Asia, unchanged over the same period.