Tag: Global Billet

Weekly round-up: Global billet prices stay supported amid hike in Chinese rebar futures

Feb 18, 2023

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by

Vaibhav Dubey

in Billet

Global billet prices remained supported this week following an uptick in rebar futures. However, trades are yet to improve. According to data maintained with SteelMint, China’s SHFE rebar futures contract for May 2023 delivery closed at RMB 4,167/t ($607/t) on 17 February, a sharp increase of RMB 93/t ($13/t), w-o-w. Market highlights Indian mills continue…