Tag: Chinese rebar futures

Chinese rebar futures rebound as few mills refuse to deliver future cargoes

Nov 12, 2021

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by

Vaibhav Dubey

in Billet

SHFE rebar futures rebounded on 11 Nov’21 after witnessing consecutive drops in the past few days. The futures bounced back after five steel mills in China refused to deliver the Jan’22 future cargoes due to a significant drop in futures that went below domestic prices. According to Lange Steel five leading steel mills in China,…