Author: Pranjal Markale

India’s billet exports market has turned silent on lowered Chinese buying indications close on the heels of the continuously down-trending Chinese rebar futures. According to the data maintained with SteelMint, the Shanghai Futures Exchange (SHFE) rebar future October contracts dropped by RMB 642/tonne (t) ($100/t) week-on-week (w-o-w), to reach RMB 4,667/t ($730/t) on 26 May…