Asia steel billet buyers wait and see amid sharp gains in Chinese ferrous futures

The steel billet market in Asia was muted in the week to Thursday December 7, with buyers in wait-and-see mode following a spike in Chinese ferrous futures, sources told Fastmarkets.

Sources said that rising raw materials prices, coupled with expectations of further strong stimulus measures from the Chinese government, had led to a price rally in China. 

China's National Development...

Published

Nabilah Awang

December 07, 2023

10:32 GMT

Singapore