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GLOBAL BILLET WRAP:Signs of optimism emerge despite China Chinese billet prices started the week at 2,920 yuan ($423) per tonne including VAT. On Wednesday, the price rose to 2,970 yuan ($430) per tonne, supported by increased buying activity and a rebound in rebar futures. The decreasing rebar inventory among steel mills and in the spot market was also regarded as giving support to prices.
The United States government has a new trade beef with Canada:claims that some pipe products are being dumped on the U.S. market at artificially low prices.
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U.S. OKs final duties on China steel line pipe ReutersApr 23, 2009 · The U.S. government gave final approval on Thursday to anti-dumping duties ranging from 74 to 101 percent on welded steel line pipe from China that it said was being sold at unfairly low prices.
Steel prices in Chinas domestic spot and futures markets strengthened last week given the robust trading, and the higher prices traders paid to steelmakers made it harder for them to on-sell at low prices, Mysteel Global noted. Rebar:Chinas HRB400 20mm dia rebar gained Yuan 82/tonne ($12.5/t
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