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Tag: China domestic billet price

  • China: Domestic billet prices fall over 1.5-year low

    China: Domestic billet prices fall over 1.5-year low

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    by

    Vaibhav Dubey
    in

    Steel billet prices in China’s Tangshan fell by RMB 60/t ($9/t) to RMB 3,700/t ($550/t) on 12 July, inclusive of 13% VAT. Prices have hit over one and a half years low amid falling futures, weak demand and subdued finished steel sentiments. According to data maintained with SteelMint, China’s SHFE rebar futures contract for Oct’22…