Tag: Indian billet export offers

Falling Chinese steel futures continue to weigh down India billet export market sentiments

Oct 28, 2021

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by

Indranath Jha

in Billet

The Indian billet exports market continued to remain silent following the sliding Chinese steel futures. This resulted in the absence of firm bids. According to data maintained with SteelMint, China’s SHFE rebar futures contract for Jan’22 delivery settled on 27 Oct’21, at RMB 4,773/tonne (t) ($746/t), witnessing a sharp decline of RMB 636/t ($99/t), w-o-w.…