Tag: China domestic billet price

Steel billet prices in China’s Tangshan witnessed a sharp rise of RMB 130/t ($19/t) on 1 Aug’22 following a 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 rebar futures contract for Oct’22 delivery closed today at RMB 4,093/t ($605/t), an increase…