Tag: Global billet market overview
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Weekly round-up: Global billets prices head north on supply worries
Global billets prices maintained its upward trend amidst rising Chinese rebar futures and absence of CIS offers due to the ongoing geopolitical conflict between Russia and Ukraine. According to data maintained with SteelMint, the Chinese SHFE rebar futures contract for May’22 delivery closed at RMB 4,901/t ($776/t) on 4 Mar’22, a sharp rise of RMB…