Tag: China domestic billet price

Billet prices in Tangshan rose by RMB 40/t ($6/t) to RMB 3,720/t ($520/t), inclusive of 13% VAT on 10 Oct’22 following the hike in rebar futures and introduction of production restriction policy. Tangshan is expected to start industrial controls on 14 Oct which may result in steel supply shortage. China’s SHFE re-bar futures contract for…