Tag: China domestic billet price

Steel billet prices in China’s Tangshan witnessed a recovery of RMB 100/t ($15/t) on 18 July following a jump in rebar futures. Prices stood at RMB 3,500/t ($520/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 3,780/t ($561/t), rising sharply by…