SteelMint

Tag: China domestic billet price

  • China: Steel billet prices rise as rebar futures surge

    China: Steel billet prices rise as rebar futures surge

    —

    by

    Vaibhav Dubey
    in

    Steel billet prices in China’s Tangshan rose RMB 20/t ($3/t) d-o-d on 28 Jan’22. Domestic billet prices are at RMB 4,500/t ($707/t), inclusive of 13% VAT. The sharp rise in rebar futures propelled billet prices. According to SteelMint data, China’s SHFE re-bar futures contract for May’22 delivery closed today at RMB 4,829/t ($759/t), witnessing a…