Chinese buyers have followed the rise in the country's ferrous futures markets this week with fresh bookings for imports of steel billet, sources told Fastmarkets on Tuesday July 6.
Tuesday's most-traded October rebar futures contract closed at 5,304 yuan ($820) per tonne on Tuesday, up by 82 yuan per tonne from a day earlier. That followed Monday's most-traded rebar futures contract closing at 5,222 yuan per tonne, which was itself up by 98 yuan per tonne from last Friday.Indonesia-origin blast furnace (BF) billet of 3sp, 150mm specification was heard sold at $670 per tonne cfr China on...