Tag: Global billet market update

Weekly round-up: Global billets market silent despite recovery in Chinese rebar futures

Jan 8, 2022

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by

Vaibhav Dubey

in Billet

The global billets market remained silent this week despite a significant w-o-w recovery in China’s rebar futures. According to data maintained with SteelMint, the Chinese rebar futures contract for May’22 delivery closed at RMB 4,526/tonne (t) ($710/t) on 8 Jan’22, a sharp rise of RMB 211/t ($33/t) on week and a rise of RMB 32/t…