Author: Nishtha Mukherjee
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Falling Chinese rebar futures weigh down Indian billet export sentiments
The recent decline in Chinese steel futures have turned the global billets market subdued again. According to data maintained with SteelMint, the Chinese rebar futures contract for Jan’22 delivery closed at RMB 5,421/t ($841/t) on 13 Oct’21, a sharp decline of RMB 329/t ($51/t) against the closing of last week. According to recent reports, steel…