Tag: Indian rebar export offers drop on volatile futures

Indian BF grade rebar export offers have reportedly witnessed a drop of $40-45/t on a week-on-week (w-o-w) basis amid volatile rebar futures on the Shanghai Futures Exchange (SHFE). On 1 June’21, the Oct ’21 rebar futures contract opened with a drop of RMB 86/t to RMB 4,941/t ($775/t). Last-heard offers for BF grade rebar were…