Steel billet prices in China’s Tangshan rose RMB 20/t ($3/t) d-o-d on 28 Jan’22. Domestic billet prices are at RMB 4,500/t ($707/t), inclusive of 13% VAT. The sharp rise in rebar futures propelled billet prices. According to SteelMint data, China’s SHFE re-bar futures contract for May’22 delivery closed today at RMB 4,829/t ($759/t), witnessing a sharp increase of RMB 156/t ($24/t), d-o-d.
Leave a Reply