Tag: China domestic billet price

Steel billet prices in China’s Tangshan plunged by RMB 350/t ($52/t) to RMB 3,830/t ($573/t) on 20 June’22, inclusive of 13% VAT. Prices have hit over one-year 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 delivery closed today at…