Steel billets prices in China’s Tangshan decreased by RMB 50/t ($7/t) on 6 May 2022 following a sharp fall in rebar futures. Prices stood at RMB 4,760/t ($713/t), inclusive of 13% VAT. According to data maintained with SteelMint, China’s SHFE re-bar futures contract for Oct’22 delivery closed today at RMB 4,734/t ($710/t), witnessing a sharp fall of RMB 189/t ($28/t), d-o-d.
Leave a Reply