SteelMint

Tag: China billet import price

  • China: Billet import prices inch up on recovery in rebar futures

    China: Billet import prices inch up on recovery in rebar futures

    —

    by

    Vaibhav Dubey
    in

    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),…