Steelmint assesses China’s steel billet import prices at $625/t CFR on 9 Nov’21 against $660/t CFR last week. Prices fell in the absence of firm bids and volatile rebar futures. The most active rebar futures contract for Jan’22 delivery on the Shanghai Futures Exchange (SHFE) closed today at RMB 4,257/t ($666), a d-o-d drop of RMB 55/t ($9), after rising by RMB 65/t ($10) yesterday.
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