MONTHLY: China's billet prices to stay rangebound in August

Weak demand among re-rollers is likely to keep China's billet prices at near recent lows in early August, according to Mysteel's latest monthly report. But prices may recover slightly later in the month if end-user demand for finished steel improves and boosts the semis market, it says.

Chinese billet prices lost ground in July for both domestic and overseas sales, as seasonal consumption eased across the board, the report noted. This reflected softening demand at home from private sector and public infrastructure construction, and from poor exports to markets such Indonesia and Türkiye. On July 31, Mysteel