Tag: Global billet market overview

It was the second consecutive week when sizeable billet volumes traded in the global billet market. The bookings were prominently for SE Asian destinations. Chinese SHFE rebar future Jan’21 contract was on a continuous decline. During 18-25 Sep’20, the futures witnessed a drop of RMB 81 (~$12), from RMB 3,603/t to RMB 3,522/t. Hence, for…