Tag: China domestic billet price

Billet prices in Tangshan inched up by RMB 10/t ($1/t) d-o-d to RMB 3,600/t ($507/t) on 23 Jan’24. Prices include 13% VAT. Hike in rebar futures and finished steel prices have supported billet prices. However, lower trades continue to persist before Chinese Lunar holidays. Meanwhile, SHFE rebar futures (May’24 delivery) increased by RMB 30/t ($4/t)…