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Tag: China domestic billet price

  • China: Steel billet prices stable as rebar futures edge up

    China: Steel billet prices stable as rebar futures edge up

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    by

    Vaibhav Dubey
    in

    Domestic billet prices in China’s Tangshan remained stable d-o-d at RMB 3,650/t ($507/t), inclusive of 13% VAT on 14 Oct’22. A recovery in finished steel prices, adequate inventories and a hike in rebar futures kept billet prices stable, SteelMint understands. China’s SHFE rebar futures contract for Jan’23 delivery closed today at RMB 3,759/t ($522/t), a…