Tag: Global billet market update

Weekly round-up: Global billets prices head north on recovery in Chinese rebar futures

Jan 15, 2022

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by

Vaibhav Dubey

in Billet

The global billets market sentiments remained supported this week on the back of renewed Chinese buying interest and following an uptick in rebar futures. According to data maintained with SteelMint, the Chinese SHFE rebar futures contract for May’22 delivery closed at RMB 4,664/tonne ($734/t) on 14 Jan’22, a sharp rise of RMB 138/t ($22/t) on…