Tag: Global billet market update

Weekly round-up: Global billets offers remain supported, trades slow down

Apr 2, 2022

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by

Vaibhav Dubey

in Billet

Global billets offers remained supported this week on a sharp rise in Chinese rebar futures. However, trades slowed down on bid-offer disparities. According to the data maintained with SteelMint, China’s SHFE rebar futures contract for Oct’22 delivery closed at RMB 5,160/t ($811/t) on 1 April, a sharp rise of RMB 147/t ($23/t), w-o-w. Market highlights…