- Billet prices in Tangshan rose by RMB 40/t ($6/t) to RMB 3,720/t ($520/t), inclusive of 13% VAT on 10 Oct’22 following the hike in rebar futures and introduction of production restriction policy.
- Tangshan is expected to start industrial controls on 14 Oct which may result in steel supply shortage.
- China’s SHFE re-bar futures contract for Jan’23 delivery closed today at RMB 3,875/t ($542/t), increasing by RMB 76/t ($11/t) against the closing on 30 Sep.
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