Tag: China domestic billet price

Billet prices in Tangshan remained stable for third straight day at RMB 3,550/t ($499/t) on 7 Feb’24. Prices include 13% VAT. Fall in raw material prices and lower trades ahead of Lunar New Year holidays continued to put pressure on billet prices. However, SHFE rebar futures (May’24 delivery) inched up d-o-d by RMB 4/t ($1/t)…