Tag: China domestic billet price

Domestic billet prices in China’s Tangshan recovered by RMB 20/t ($3/t) d-o-d to RMB 3,860/t ($562/t), inclusive of 13% VAT, on 24 Mar’23. Steady finished steel prices and a slight recovery in rebar futures have supported billet prices. China’s SHFE rebar futures contract for May’23 delivery closed today at RMB 4,107/t ($598/t), rising by RMB…