Tag: Global billet market update

Weekly round-up: Global billets prices rise despite volatility in Chinese rebar futures

Feb 19, 2022

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by

Vaibhav Dubey

in Billet

Global billets prices witnessed an upward trend despite weak Chinese buying and volatility in rebar futures. According to data maintained with SteelMint, the Chinese SHFE rebar futures contract for May’22 delivery closed at RMB 4,779/t ($755/t) on 18 Feb’22, a sharp w-o-w fall of RMB 126/t ($20/t). However, the same witnessed a rise of RMB…