SteelMint

Tag: China billet imports

  • China: Billet import bids drop on falling rebar futures

    China: Billet import bids drop on falling rebar futures

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    by

    Indranath Jha
    in

    China’s billet import price indications fell on absence of firm bids and falling rebar futures prices. SteelMint’s assessment for billet import prices currently stands at $660/t CFR against $672-677/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 4,230/t ($661), a…