SteelMint

China: Steel billet prices fall RMB 60/t ($8/t) d-o-d

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by

Vaibhav Dubey
in
  • Domestic billets prices in China’s Tangshan fell d-o-d by RMB 60/t ($8/t) to RMB 3,500/t ($488/t), inclusive of 13% VAT on 21 Nov’22.
  • Sluggish demand, drop in futures and finished steel prices have pulled down domestic billets prices.
  • China’s SHFE rebars futures contract for Jan’23 delivery closed today at RMB 3,671/t ($512/t), a decrease of RMB 45/t ($6/t) against the closing on 18 Nov.

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