Tag: Global billet market update
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Weekly round-up: Global billet prices on downtrend amidst bearish sentiments
Global billet prices continued to exhibit a general downtrend this week on a largely subdued finished steel market, limited trading and bid-offer disparities. The volatility in China’s SHFE rebar futures has impacted prices. According to data maintained with SteelMint, China’s SHFE rebar futures contract for October delivery closed at RMB 4,189/t ($626/t) on 24 June,…