Steel billets prices in China’s Tangshan fell by RMB 60/t ($9/t) on 14 Mar’22 following a sharp fall in rebar futures. Prices stood at RMB 4,660/t ($732/t), inclusive of 13% VAT. According to data maintained with SteelMint, China’s SHFE re-bar futures contract for May’22 delivery closed today at RMB 4,695/t ($738/t), witnessing a drop of RMB 222/t ($35/t) against the closing on 11 Mar.
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