Tag: China domestic billet price

China: Steel billet prices fall sharply by RMB 70/t ($10/t)

May 24, 2022

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by

Vaibhav Dubey

in Billet

Steel billet prices in China’s Tangshan fell by RMB 70/t ($10/t) on 24 May 2022 amid a sharp fall in rebar futures and weakening demand due to the approaching monsoon season. Prices stood at RMB 4,470/t ($671/t), inclusive of 13% VAT. According to SteelMint’s data, China’s SHFE rebar futures contract for October 2022 delivery was…