China: Billet prices remain stable

  • Domestic billet prices in China’s Tangshan stood at RMB 3,860/t ($561/t) inclusive of 13% VAT, on 27 Mar’23.
  • Stability in rebar futures kept domestic billet offers firm.
  • China’s SHFE rebar futures contract for May’23 delivery closed today at RMB 4,105/t ($597/t).

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