Tag: Global Billet Prices

Weekly round-up: Volatile Chinese steel futures weigh down global billets sentiment

Oct 30, 2021

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by

Indranath Jha

in Billet

The global billets market remained less active this week amid volatile Chinese steel futures which resulted in bearish market sentiments. According to data maintained with SteelMint, China’s SHFE rebar futures contract for Jan’22 delivery closed on 29 Oct’21, at RMB 4,646/t ($726/t), witnessing a significant decline of RMB 254/t ($40/t), w-o-w. Market highlights Indian billets…