Tag: Global billet market update
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Weekly round-up: Global billets prices fall despite hike in Chinese rebar futures
Global billets prices remained under pressure dropping on a weekly basis. However, the Chinese rebar May’22 futures contract witnessed gains towards the end of the week. According to data maintained with SteelMint, the Chinese rebar futures contract for May’22 delivery settled at RMB 4,384/t ($688/t), a d-o-d rise of RMB 96/t ($15/t) on 3 Dec’21…