Tag: Global billet market overview
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Weekly round-up: Weak Chinese steel futures impact global billets trade
The global billets market remained less active this week amid volatile Chinese steel futures which weighed down on the imported billets market. According to data maintained with SteelMint, the Chinese SHFE rebar futures contract for Jan’22 delivery closed at RMB 5,468/tonne (t) ($845/t), up by RMB 10/t ($1/t) w-o-w. However, it fell sharply by RMB…