Tag: Global billet market update
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Weekly round-up: Volatile Chinese rebar futures, weak demand weigh on global billets market
The global billets market remained less active this week amid volatile Chinese steel futures and weak demand. According to data maintained with SteelMint, the Chinese rebar futures contract for May’22 delivery closed at RMB 4,322/t ($679/t), a w-o-w drop of RMB 62/t ($10/t) on 10 Dec’21. However, the same witnessed a rise of RMB 29/t…