SteelMint

Tag: China billet imports

  • China: Billet import bids drop on volatile rebar futures

    China: Billet import bids drop on volatile rebar futures

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    by

    Vaibhav Dubey
    in

    Steelmint assesses China’s steel billet import prices at $625/t CFR on 9 Nov’21 against $660/t CFR last week. Prices fell in the absence of firm bids and volatile rebar futures. The most active rebar futures contract for Jan’22 delivery on the Shanghai Futures Exchange (SHFE) closed today at RMB 4,257/t ($666), a d-o-d drop of…