Tag: China domestic billet price

Steel billet prices in China’s Tangshan witnessed a rise of RMB 50/t ($7/t) on 8 Aug’22 supported by the hike in rebar futures. Prices stood at RMB 3,760/t ($556/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 4,136/t ($612/t), a sharp…