Tag: Global Billet
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Weekly round-up: Global billet prices exhibit negative trends on subdued sentiments
Global billet prices witnessed a downward trend this week on weak finished steel sentiments, limited trading activity, and bid-offer disparities. The volatility in China’s SHFE rebar futures also pulled down prices. According to data maintained with SteelMint, the Chinese SHFE rebar futures contract for October 2022 delivery closed at RMB 4,354/t ($649/t) on 17 June…