Tag: Global billet market update

Weekly round-up: Global billets prices on uptrend following sharp hike in Chinese rebar futures

Jan 29, 2022

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by

Vaibhav Dubey

in Billet

The global billets market witnessed an upward trend this week following a sharp hike in rebar futures and active buying from Egypt. According to data maintained with SteelMint, the Chinese SHFE rebar futures contract for May’22 delivery closed at RMB 4,829/t ($759/t) on 28 Jan’22, a significant w-o-w rise of RMB 118/t ($18/t). Also, the…