Tag: SE Asia: Imported billets market bearish

The South East Asian imported billets market remained bearish, influenced by the volatile Shanghai Futures Exchange (SHFE) rebar futures. Buying indications point to a further drop in prices by $20-30/tonne week-on-week (w-o-w) to $660/t CFR. However, on 28 May’21, the futures settled with a rise of RMB 116/t ($18/t) on a day-on-day (d-o-d) basis at…