Tag: China domestic billet price

China: Steel billet prices rise RMB 20/t ($3/t) despite drop in rebar futures

Aug 9, 2022

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by

Vaibhav Dubey

in Billet

Steel billet prices in China’s Tangshan witnessed an increase of RMB 20/t ($3/t) on 9 Aug’22 despite a decline in rebar futures. Prices stood at RMB 3,780/t ($560/t), inclusive of 13% VAT. According to data maintained with SteelMint, China’s SHFE re-bar futures contract for Oct’22 delivery closed today at RMB 4,089/t ($605/t), a fall of…