Tag: India: Billet exports market subdued as bids fall on decreasing rebar futures

India’s billet exports market has turned silent on lowered Chinese buying indications close on the heels of the continuously down-trending Chinese rebar futures. According to the data maintained with SteelMint, the Shanghai Futures Exchange (SHFE) rebar future October contracts dropped by RMB 642/tonne (t) ($100/t) week-on-week (w-o-w), to reach RMB 4,667/t ($730/t) on 26 May…