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Tag: China domestic billet price

  • China: Steel billet prices up RMB 20/t ($3/t) d-o-d

    China: Steel billet prices up RMB 20/t ($3/t) d-o-d

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    by

    Vaibhav Dubey
    in

    Domestic billets prices in China’s Tangshan rose d-o-d by RMB 20/t ($3/t) to RMB 3,490/t ($481/t), inclusive of 13% VAT on 9 Nov’22. A hike in futures and recovery in finished steel prices have supported domestic billets prices. China’s SHFE rebars futures contract for Jan’23 delivery closed today at RMB 3,590/t ($495/t), an increase of…