China: Steel billet prices up RMB 20/t ($3/t) d-o-d

—

Domestic billets prices in China’s Tangshan rose d-o-d by RMB 20/t ($3/t) to RMB 3,520/t ($497/t), inclusive of 13% VAT on 14 Nov’22.
A hike in futures and active demand has supported domestic billets prices.
China’s SHFE rebars futures contract for Jan’23 delivery closed today at RMB 3,648/t ($516/t), a marginal increase of RMB 11/t ($1/t) against the closing on 11 Nov.

Comments