SteelMint

Author: Nishtha Mukherjee

  • China: Billet import prices inch down on falling rebar futures

    China: Billet import prices inch down on falling rebar futures

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    by

    Nishtha Mukherjee
    in

    China’s billet import price indications fell on bearish sentiments as rebar futures prices dropped. SteelMint’s assessment for billet import prices currently stands at $705-710/t CFR against $707-712/t CFR last week. As per SteelMint data, rebar futures contract for Jan’22 delivery on the Shanghai Futures Exchange (SHFE) closed today at RMB 5,562/t ($862/t), witnessing a sharp…