Tag: Weekly: Global billet market overview

Global billet prices surged by around $30-40/t in recent deals after the Labour Day holidays. The cargoes broadly were booked for Chinese destinations. While the SE Asian nations majorly remained silent on high bid-offer disparity. Reasons for price surge- SteelMint’s view China’s slashing of import tariffs on semi-finished steel to 0% boosted imports China’s decision…