Tag: Falling futures pull down Chinese domestic billet prices by $36/t

Chinese domestic billet prices on 24 May ’21 dropped by RMB 230/t ($36) vis-a-vis 21 May ’21, as per SteelMint reports. Falling rebar* futures contracts on the Shanghai Futures Exchange (SHFE) are pulling down domestic billet prices in China. The billet transactions witnessed were moderate, and finished steel prices were showing a downward trend. The…