SteelMint

Tag: China domestic billet price

  • China: Steel billet prices drop by RMB 30/t ($4/t)

    China: Steel billet prices drop by RMB 30/t ($4/t)

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    by

    Vaibhav Dubey
    in

    Steel billet prices in China’s Tangshan decreased by RMB 30/t ($4/t) to RMB 3,580/t ($498/t), inclusive of 13% VAT as against the closing on 21 Oct. However, d-o-d billet prices remained unchanged. According to data maintained with SteelMint, China’s SHFE rebar futures contract for Jan’23 delivery closed today at RMB 3,580/t ($498/t), a fall of…