China’s billet import price indications increased as rebar futures witnessed a recovery. SteelMint’s assessment for billet import prices currently stands at $610/t CFR against $600/t CFR last week. A few indications were even heard at $615/t CFR. Rebar futures contract for Jan’22 delivery on the Shanghai Futures Exchange (SHFE) closed today at RMB 4,589/t ($720/t), witnessing a sharp rise of RMB 97/t ($15/t) d-o-d.
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