Tag: China domestic billet price

Billet prices in Tangshan remained stable at RMB 3,590/t ($499/t) on 22 Jan’24 as against 19 Jan’24. Prices include 13% VAT. Rise in finished steel prices and stability in raw material prices supported billet prices. However, SHFE rebar futures (May’24 delivery) decreased by RMB 13/t ($2/t) to RMB 3,902/t ($542/t) on 22 Jan as against…