Tag: Global billet market update
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Weekly round-up: Global billets market picks up on active trade
The global billets market sentiments remained supported this week on the back of rising steel futures. According to data maintained with SteelMint, the Chinese SHFE rebar futures contract for May’22 delivery closed at RMB 4,711/tonne ($743/t) on 21 Jan’22, a w-o-w rise of RMB 47/t ($7/t). However, the same witnessed a slight decrease of RMB…