Tag: Global billet market update

Weekly round-up: Global billet prices exhibit negative trend on subdued sentiments

May 28, 2022

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by

Vaibhav Dubey

in Billet

Global billet prices continued the downward trend this week on weak finished steel sentiments, limited trading activity and cheaper Russian billet offers. The volatility in China’s SHFE rebar futures triggered a fall in prices. According to data maintained with SteelMint, the SHFE rebar futures contract for October 2022 delivery closed at RMB 4,576/t ($682/t) on…