Tag: Global billet market update

Weekly round-up: Global billet market subdued on weak sentiments

May 7, 2022

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by

Vaibhav Dubey

in Billet

The global billet market remained flat throughout the week on weak steel sentiments. Also, the volatility in China’s SHFE rebar futures and bid-offer disparities kept trades at bay. According to data maintained with SteelMint, China’s rebar futures contracted for October 2022 delivery on SHFE closed on 6 May at RMB 4,734/t ($710/t), a fall of…