Chinese billet, rebar edge up d-o-d even as raw materials soften

• Chinese billet prices inched up by RMB 10/t ($1/t) to RMB 2,980/t ($421/t) on 28 Nov, while SHFE rebar gained RMB 17/t ($2/t) to RMB 3,110/t ($440/t).
• Raw materials softened on higher inventories, and EAF output edged up.
• The market remained quiet as it headed into a seasonally weak December shaped by low winter demand and Sino-US trade noise.