Tag: Global billet market update

Weekly round-up: Global billet market stays flat during year-end holidays

Jan 1, 2022

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by

Vaibhav Dubey

in Billet

After witnessing some momentum last week, the global billet market remained flat this week during the year-end holidays and volatile Chinese rebar futures prices. According to data maintained with SteelMint, the rebar futures contract for May’22 delivery on China’s SHFE closed at RMB 4,315/t ($679/t) on 31 Dec’21, a sharp fall of RMB 204/t ($32/t),…