China: Steel billet prices edge down RMB 30/t ($4/t) d-o-d

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Domestic billets prices in China’s Tangshan fell d-o-d by RMB 30/t ($4/t) to RMB 3,550/t ($502/t), inclusive of 13% VAT on 30 Nov’22.
Drop in futures and weak market sentiments have pulled down billets prices, SteelMint noted.
China’s SHFE rebars futures contract for Jan’23 delivery closed today at RMB 3,748/t ($530/t), a decrease of RMB 17/t ($2/t) d-o-d.

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