Tag: China domestic billet price

Domestic billet prices in China’s Tangshan fell sharply by RMB 160/t ($24/t) to RMB 3,760/t ($560/t), inclusive of 13% VAT on 11 July, 2022. Steel production curbs, weak domestic demand, fall in rebar futures and subdued steel market have weighed on prices. China’s SHFE re-bar futures contract for Oct’22 delivery closed today at RMB 4,049/t…